Venezuela calls for debt restructuring in response to Covid pandemic
Medical workers from the Jose Gregorio Hernandez public hospital in Caracas, Venezuela, take part in a Holy Week celebration
VENEZUELA is calling for a comprehensive restructuring of international debt in the wake of the Covid-19 pandemic.
Addressing the UN heads of state meeting on international debt, President Nicolas Maduro said that more than 130 million people had been plunged into poverty during the pandemic.
A “profound revision of debt conditions” was needed to prevent them being used as “a weapon for control, blackmail or domination,” he stressed.
More from this author
Ben Chacko talks to RMT leader EDDIE DEMPSEY about how the key to fixing broken Britain lies in collective sectoral bargaining, restoring unions’ ability to take solidarity strike action and bringing about the much-vaunted ‘wave of insourcing’
