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Venezuela all set for $60-bn debt talks with foreign investors on Monday

Nicholas Maduro has so far prioritized debt payments over imports, compounding Venezuelans' hardships

Reuters  |  Caracas 

Venezuelan President Nicolas Maduro's socialist government has set a high-profile location near the presidential palace in Caracas for Monday's hotly awaited meeting with investors to discuss renegotiating $60 billion in foreign debt. The newly created debt renegotiation committee will meet with creditors at 2 p.m. (1800 GMT) at the government's 'White Palace' opposite the presidential building, Finance Minister Simon Zerpa said on Saturday. Market sources had said Zerpa plus committee head and Venezuelan Vice President Tareck El Aissami, who are both on ...

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First Published: Sun, November 12 2017. 15:00 IST