Latin American Economy & Business - November 2016 (ISSN 1741-7430)

President Nicolás Maduro has threatened legal action against the US investment bank JP Morgan after the bank reported delays by the state oil company Petróleos de Venezuela (Pdvsa) in making external bond payments. Maduro, along with his energy minister and Pdvsa president, Eulogio del Pino, accused JP Morgan, along with the US based Citigroup and the US treasury, of participating in a conspiracy to topple Venezuela’s 17-year-old left-wing Revolution and re-assert direct or indirect US control over the country’s vast oil reserves.