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  HOME | Venezuela (Click here for more Venezuela news)

China Confident Venezuela Will Fulfill Debt Obligations despite Restructuring

BEIJING – China, one of Venezuela’s main credit providers, said on Friday that it was confident the latter would fulfill its debt obligations, hours after Venezuela’s President Nicolas Maduro announced a restructuring of the country’s foreign debt.

Given the economic crisis that Venezuela is going through, Maduro announced on Thursday the restructuring of all of its country’s external debts and said that this did not mean that the country would not fulfill its commitments.

“We have noted relevant reports and also the commitments by the Venezuelan government on fulfilling its debt obligations. We believe that the Venezuelan government will properly deal with that issue,” Chinese foreign ministry spokesperson Hua Chunying said in a press conference.

“Cooperation is carried out by financial institutions from the two sides on the basis of equality, mutual benefit and common development. At present all projects are going smoothly and we will continue to proceed with that cooperation,” she added.

 

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