Independent institutional analysis of Venezuela sovereign and PDVSA debt: litigation, sanctions, bonds, and creditor developments.
Marco Rubio told The New York Times that elections in Venezuela would ideally come in 2027, after a new tribunal, a new electoral council, security reforms and progress on a debt of more than USD 200 billion that he said deters investment.
In July the desk said Lara would make the recovery arithmetic or break it. Four months on, the arithmetic of the cuts is being done by the people sitting in them. The utility publishes no schedule. A citizens' observatory publishes the hours. And in Washington the 2020 bondholders' date moved again, the day before it arrived.
Machado and Gonzalez used a Madrid Declaration to endorse a State Department roadmap: a renewed Supreme Tribunal by the end of 2026, a new electoral council next, then a vacancy declaration by Rodriguez and elections within six months, possibly on 24 July 2027.
Treasury issued GL 5AA on Wednesday, moving to 18 December the date from which PDVSA 2020 holders may act on their Citgo Holding pledge, and amended FAQ 595, while Brent fell 8.7 percent and Caracas installed a jurists' council to vet tribunal applications.
The New York Times reported that Washington is negotiating a status of forces agreement with the Rodriguez government, as Democrats won both chambers of Congress and the National Assembly approved in first discussion a reform replacing most hate law prison terms with fines.