Independent institutional analysis of Venezuela sovereign and PDVSA debt: litigation, sanctions, bonds, and creditor developments.
The United States is due today to give the Third Circuit its views on shelving the Citgo appeal. The Fund's October outlook raises Venezuelan growth to 5 percent this year and 7 percent in 2027, and Bloomberg reports that Jaime Gilinski has agreed to pass his Bare field contract to GeoPark for shares first valued at USD 515 million.
30-egg carton priced in gold · Sep 2026
An ad hoc group of bondholders including GMO and T. Rowe Price now holds at least USD 22 billion, about 37 percent of Venezuela's outstanding bonds, and expects 40 percent within weeks. The Secretary of State received Dinorah Figuera, and the third round of the table, opening 14 October, puts the gold held in the United Kingdom on the agenda.
In March the peninsula's refineries ran at three tenths. The desk went back in the week one of them caught fire, and found the road to it closed by people who wanted water.
Venezuela has asked the Third Circuit to hold its Citgo appeal in abeyance while it pursues repayment of the Delaware creditors, and the court has given the United States until 13 October to state its views. Judge Hellerstein refused the Flores release application and a superseding indictment adds a torture count; the Secretary of State receives Dinorah Figuera this morning.
The government's financial adviser is to present within days a reference document for the restructuring, with official figures putting the debt near USD 238 billion, about USD 40 billion of it owed among Venezuelan public entities on one economist's count. The Fund will print some Venezuelan official data in the World Economic Outlook on 13 October.