Trump and Venezuela’s interim President Delcy Rodriguez discuss $60 billion debt restructuring

  • Donald Trump and Delcy Rodriguez discussed restructuring Venezuela’s sovereign debt.
  • About $60 billion in Venezuelan government and oil-company bonds are in default.
  • Rodriguez made her first U.S. trip since Nicolas Maduro’s capture in a January raid.

US President Donald Trump and Venezuela’s interim President Delcy Rodriguez discussed restructuring the country’s sovereign debt during a brief meeting at a reception Trump hosted on the sidelines of the UN General Assembly. US Secretary of State Marco Rubio said debt restructuring was central to repairing Venezuela’s economy and that the United States wanted to help, provided the process was handled properly. Venezuela’s government and state oil company Petroleos de Venezuela have about $60 billion in bonds in default, while analysts estimate total liabilities could exceed $150 billion after accrued interest, other claims and arbitration awards. The meeting took place during Rodriguez’s first U.S. trip since American forces captured then-President Nicolas Maduro in a January raid.

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