Andean Group - June 2026

We begin this June 2026 edition of the Latin American Regional Report: Andean Group in Venezuela, which has embarked on one of the most complex debt restructurings in history. On 13 May President Delcy Rodríguez’s government announced the beginning of a comprehensive process to overhaul the country’s external public debt obligations, including bonds issued by the government and by state oil company Pdvsa. Whether Venezuela can successfully negotiate with creditors and regain access to international capital markets will help shape the recovery of a country that possesses the world’s largest oil reserves but has suffered one of the worst economic collapses in modern history.

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