(MENAFN- Saudi Press Agency)
Caracas, Safar 25, 1439, November 14, 2017, SPA -- A meeting between Venezuela and its creditors ended
Monday without an agreement to restructure part of the South American
country's massive debt burden, according to dpa.
President Nicolas Maduro's government had called creditors to a high-profile meeting to seek better repayment conditions for at least 60 billion dollars in bonds.
Sources close to the short meeting said the government did not make an official restructuring proposal despite pledging that Venezuela would continue repaying its debt, estimated to stand between 150 and 180 billion dollars.
Maduro said earlier that 414 investors and representatives of investment banks, which amounted to 91 per cent of holders of Venezuelan bonds, would attend the meeting near the presidential palace.
--SPA
04:03 LOCAL TIME 01:03 GMT
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