Latin American Herald Tribune – China Confident Venezuela Will Fulfill Debt Obligations regardless of Restructuring


BEIJING – China, one in all Venezuela’s fundamental credit score suppliers, mentioned on Friday that it was badured the latter would fulfill its debt obligations, hours after Venezuela’s President Nicolas Maduro introduced a restructuring of the nation’s overseas debt.

Given the financial disaster that Venezuela goes by way of, Maduro introduced on Thursday the restructuring of all of its nation’s exterior money owed and mentioned that this didn’t imply that the nation wouldn’t fulfill its commitments.

“We have famous related reviews and likewise the commitments by the Venezuelan authorities on fulfilling its debt obligations. We consider that the Venezuelan authorities will correctly take care of that difficulty,” Chinese overseas ministry spokesperson Hua Chunying mentioned in a press convention.

“Cooperation is carried out by monetary establishments from the 2 sides on the idea of equality, mutual profit and customary improvement. At current all tasks are going easily and we are going to proceed to proceed with that cooperation,” she added.

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