Venezuela’s debt with Brazil’s Export Guarantee Fund nears US$1.27 billion

According to the governmental body, most of these operations were financed by the Brazilian Social Development Bank (BNDES), although there are also operations involving foreign financiers.

The total debt stands at $1.268 billion, with $1.095 billion already compensated by the FGE and $53.987 million yet to be paid by the FGE.

Finance Minister Fernando Haddad announced the formation of a working group to determine Venezuela’s debt to Brazil and restructure the payment schedule based on these calculations. This statement came after a meeting with President Luiz Inácio Lula da Silva and Venezuelan President Nicolás Maduro. In addition to the meeting held earlier that day, the Brazilian President hosted a lunch to welcome the Venezuelan leader.

Source: Infomoney

To read the original news report, ciick on: https://www.infomoney.com.br/economia/divida-da-venezuela-com-fundo-de-garantia-a-exportacao-e-de-us-127-bilhao-segundo-mdic/

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