Popular:

IDB recognizes "delays" in Venezuela's payments in the midst of the economic crisis

The Inter-American Development Bank (IDB) today acknowledged "delays" in payments by Venezuela, whose debt to the institution is 6.5 million dollars, amid the acute crisis economic situation faced by the Government of Nicolás Maduro, who has ordered the refinancing of all its external debt.

Washington, Nov 10 (EFE) .- The Inter-American Development Bank (IDB) today acknowledged "delays" in payments by Venezuela, whose debt to the institution is 6.5 million dollars, in This is due to the acute economic crisis faced by the Government of Nicolás Maduro, who has ordered the refinancing of all its external debt.

"During this year we have registered occasional delays in certain payments from Venezuela, "Efe said a spokesman for the IDB, who requested anonymity.

Specifically, he said that" to October 25, the total amount of past due and unpaid balances (including capital and interest) amounts to 6.5 million dollars, or 0.3% of the balance of loans to Venezuela. "

" The bank is working with the Venezuelan Government to regularize this situation, as they have done in the past, "the official added, commenting to Efe on the situation in Caracas regarding the main development institution in Latin America.

IDB confirmation comes after President Maduro last week ordered to refinance and restructure "all external payments" of the country.

Maduro appointed a commission special campaign led by the vice president, Tareck el Aissami, to begin this process of debt restructuring and what he called "fight against the blockade and foreign persecution" against their country.

The arrears in payments from Caracas to the IDB are also added to the formal criticism last week of the International Monetary Fund (IMF) for the lack of information detailed economic, obligation of all member countries of the institution.

The body led by Christine Lagarde warned that Venezuela has been without more than ten years without the annual economic evaluation through the so-called "Article IV".

In its last update report on its economic outlook, from mid-October, the IMF assured that Venezuela is "immersed in a serious economic, humanitarian and political crisis with no solution in sight".

It also projected a fall in gross domestic product (GDP) between 2014 and 2017 35% and noted that Venezuela is "an economy aimed at hyperinflation", with an inflation rate of 652% for 2017 and 2,300% by 2018.

Comments 0

?
No comments for this article yet!
EUR/USD

EURUSD=X

1.1747 -0,00 -0,24%
USD/CHF

CHF=X

0.9581 -0,00 -0,09%
GBP/USD

GBPUSD=X

1.3067 -0,02 -1,54%
USD/JPY

JPY=X

112.5670 +0,09 +0,08%
USD/CNH

CNH=X

6.8451 +0,01 +0,15%
USD/CAD

CAD=X

1.2912 +0,00 +0,06%
IBEX 35

^IBEX

9590.40 +6,70 +0,07%
IBEX MEDIUM..

INDC.MC

15377.30 -38,40 -0,25%
IBEX SMALL ..

INDS.MC

7490.80 +5,90 +0,08%
IBEX TOP DI..

INDD.MC

3047.90 +1,80 +0,06%
FTSE LATIBE..

INDB.MC

1249.20 +9,20 +0,74%
FTSE LATIBE..

INDL.MC

8444.10 +226,10 +2,75%
Abertis Inf..

ABE.MC

18.36 +0,00 +0,00%
Actividades..

ACS.MC

37.83 +1,03 +2,80%
Acerinox, S..

ACX.MC

12.24 -0,03 -0,24%
AENA, S.A.

AENA.MC

150.45 +4,75 +3,26%
Amadeus IT ..

AMS.MC

78.26 +0,46 +0,59%
Acciona, S...

ANA.MC

75.86 -0,12 -0,16%
Financial S..

XLF

28.74 -0,11 -0,39%
VanEck Vect..

GDX

18.78 -0,15 -0,79%
SPDR S&P 50..

SPY

291.99 -0,22 -0,07%
Vanguard FT..

VWO

41.80 +0,17 +0,41%
Direxion Da..

TZA

8.24 +0,12 +1,48%
Utilities S..

XLU

53.06 +0,22 +0,43%
Cookies help us to offer our services.
Reset Password