Venezuela to disclose $240B debt

Venezuela anticipates announcing its total debt totaling $240 billion, a figure that exceeds all previous estimates and could represent the largest sovereign debt restructuring in history. The government will disclose its financial situation to creditors in the coming weeks, surpassing market estimates that ranged between $150 billion and $200 billion, in an effort to improve its chances of regaining access to financial markets after years of financial isolation.

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