Story perspectives

U.S. Treasury Lets Venezuela Keep Advisers, Blocks Settlement

5/15/2026

Center

Treasury Grants License

The U.S. Treasury gave Venezuela a license to retain advisers on debt restructuring but forbids settlement of sovereign/PDVSA obligations.
Venezuela launched a sovereign and PDVSA debt restructuring, appointing Centerview Partners as adviser and seeing bond prices rise.
The government will publish a macroeconomic framework and debt-sustainability analysis next month.
Grantham Mayo Van Otterloo & Co and T. Rowe Price kept Houlihan Lokey as adviser.

Left

Venezuela Restructures Debt

Venezuela’s interim government framed unfinished national public works as symbols of past mismanagement while unveiling a sweeping debt-restructuring plan.
A sweeping debt-restructuring plan was announced by Venezuela’s interim government to restore fiscal stability.
President Delcy Rodríguez said a macroeconomic framework and debt-sustainability analysis will be published next month.
Investigations estimate $40 billion-$45 billion was spent on unfinished state construction projects linked to Odebrecht.

1 of 2

Treasury Grants License

The U.S. Treasury gave Venezuela a license to retain advisers on debt restructuring but forbids settlement of sovereign/PDVSA obligations.
Venezuela launched a sovereign and PDVSA debt restructuring, appointing Centerview Partners as adviser and seeing bond prices rise.
The government will publish a macroeconomic framework and debt-sustainability analysis next month.
Grantham Mayo Van Otterloo & Co and T. Rowe Price kept Houlihan Lokey as adviser.

1 / 2