Venezuela Launches $150 Billion Debt Restructuring to Rejoin Global Markets

Venezuela announced on May 13, 2026 that it will begin restructuring more than $150 billion in sovereign and PDVSA debt that has been in default since 2017. Central Bank chief Luis Pérez said the move is intended to bring the country back into the global financial system, restore investor confidence and stabilise the economy. The United States Treasury issued a general license allowing Venezuelan banks to conduct certain international financial transactions, and the IMF is expected to provide around $5 billion in unused Special Drawing Rights and technical assistance.

The government expects inflation to fall to single‑digit levels and economic growth of about 8 % in 2026. The Ministry of Information framed the restructuring as a "historic opportunity for economic expansion," stressing that the funds will be directed to infrastructure, water and electricity systems, and that the private sector will gain access to credit lines. Officials highlighted principles of transparency, sustainability and speed, and noted that IMF support is required to secure favorable discounts and longer repayment terms.

Analysts note that the debt exceeds $150 billion in unpaid bonds, arbitral awards and accrued interest, and that the restructuring is seen as key to moving Venezuela out of the shadows of the global financial system.