Friday, August 29, 2008

Venezuela considers repurchasing debt

Venezuela is considering plans to repurchase debt, as well as the possible issuance of new securities, Finance Minister Ali Rodriguez said.
''We are analyzing the subject.'' The government is seeking to slow Venezuelan inflation without resorting to measures that will restrain consumption. The economy is ''structurally inflationary,'' he said, reiterating his expectation that prices will rise 27 percent this year, above the country's 19.5 percent target.



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