The Parliament rejects the restructuring of the Venezuelan debt without its approval

The National Assembly (AN, Parliament) of Venezuela rejected today a restructuring of the country's external debt without the previous revision and approval by the Chamber, and has advanced who will be unaware of any procedure that is presented before the Constituent Assembly official related to this.

Caracas, Nov 7 (EFE) .- The National Assembly (AN, Parliament) of Venezuela today rejected a restructuring of the country's external debt without prior review and approval by the government. House, and has advanced that will ignore any procedure that is presented before the Constituent Assembly official related to this.

In an agreement approved today in the ordinary session of the AN "categorically rejects the process of restructuring the external debt of Venezuela announced by the National Executive under the circumstances" in which it is doing.

In addition, the text requires the Executive to submit the draft national budget and the law of annual debt where it includes the refinancing of external debt before the plenary of this institution for its review and approval.

During the debate, Deputy Williams Dávila stressed that the Government does not understand that "the only way" that the The oil nation refinances its debts is "based on the basis of an economic, social and political strength" which, he assured, the country "has not".

Last November 2, the president of Venezuela, Nicolás Maduro, ordered to restructure all the external payments of the country.

A day later, the vice president, Tareck el Aissami, summoned the holders of government bonds and the state-owned company Petróleos de Venezuela (PDVSA) to a meeting on November 13 in Caracas to renegotiate the conditions of the Caribbean country's external debt.

Maduro also denounced alleged discriminatory treatment of the country by banks and other international financial institutions and blamed the sanctions imposed by the United States against Venezuela of the difficulties of access to credit experienced by the oil nation.

Faced with this order from the president, the opposition majority in Parliament warned that it will not recognize the restructuring of the debt if it is not submitted to the debate and approval of the Legislative, a power that is not obeyed by the Maduro Government.

In October the Chamber had already declared that any public credit operation performed outside this power "and, therefore, the Constitution" will be null and can not be recognized.

This includes any debt operation involving debt issuance or exchange of debt with private entities, multilateral organizations or with any foreign government.