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The Economic Times
The Economic Times

RARE PHOTOS: Explained venezuelas complex and contested debt puzzle | Rare Historical Photos

The scale of Venezuela's debt burden - and the mix of creditors holding it - will ​help determine the losses investors face in what could be one ​of the largest sovereign debt restructurings in history.

Venezuela has not published comprehensive debt statistics in years, and 2017 sanctions largely isolated ​it from the Western financial world. Caracas had previously said it aimed to complete a full debt assessment by the end of June. On Monday, government economic adviser Calixto Ortega said the government would present a debt sustainability analysis "in the coming weeks," while incorporating the economic impact of last month's earthquakes into its restructuring framework.

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