Harici By Harici.com.tr
The Venezuelan government has hired Rothschild as a financial adviser to conduct an overall assessment of its foreign debt obligations, people familiar with the matter told Bloomberg.
Rothschild is working to map what the government owes and to whom, the people said, speaking on condition of anonymity. Debt mapping is usually a preliminary step a government takes before it begins restructuring its debt.
Representatives of Paris-based Rothschild declined to comment. A press officer at Venezuela’s finance ministry also did not respond to messages seeking comment.
According to an estimate by Francisco Rodriguez, an economics professor at the University of Denver, Venezuela owes about $154 billion to foreign lenders, including global bonds issued by the government and the state oil company that have been in default for more than six years. Interest on these bonds and court judgments for unpaid commercial loans are piling up…
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