Guidelines for the Renegotiation of the External Public Debt Inherited from the Chavez/Maduro Period

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The Venezuela National Assembly recently indicated that the country's debt is currently around $160 billion. In view of the foregoing, it is relevant to stress that in July, the Special Prosecutor's Office of the Bolivarian Republic of Venezuela submitted a memorandum describing the policies that will guide the interim government and the National Assembly of the Bolivarian Republic of Venezuela, in light of the "renegotiation of private claims denominated in foreign currency against the Republic and the Venezuelan public sector." Likewise, the memorandum has become relevant because of the sanctions

recently imposed on Venezuela by the United States.

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