10 hrs ago

Trump, Rodriguez Discuss Venezuela Debt Restructuring, Rubio Says

Donald Trump and Delcy Rodriguez talked about Venezuela’s very large debt.

The discussion happened during a reception connected to the United Nations General Assembly.

Marco Rubio said Venezuela needs to reorganize how it pays its debts.

He said the United States wants to help.

Rubio also said the process must be handled properly.

Venezuela and its state oil company have about $60 billion in bonds that are in default.

Analysts estimate the country’s total obligations could be more than $150 billion.

Rodriguez made her first trip to the United States since Nicolas Maduro was captured in a January raid, according to the report.

Key facts

Defaulted bonds: Venezuela and Petroleos de Venezuela have about $60 billion in bonds in default.
Estimated total liabilities: Analysts estimate total liabilities could exceed $150 billion after including accrued interest, other claims and arbitration awards.
US position: The United States wants to help Venezuela restructure its debt, according to Marco Rubio.
Meeting description: Rubio described the Trump-Rodriguez meeting as short but important.
Rodriguez’s US visit: The trip was Rodriguez’s first to the United States since Nicolas Maduro was captured in a January raid, according to the report.
Event setting: The meeting occurred during a reception on the sidelines of the United Nations General Assembly.

theprint.in · 10 hrs ago