c-ven-RTX190DQ-Jorge Silva

Goldman Sachs is being criticized for buying $2.8 billion in Venezuelan bonds

$2.8 billion

Among others, Venezuelan opposition leaders are criticizing Goldman Sachs for buying $2.8 billion in Venezuelan bonds.

Published   |  Photo by Reuters/Jorge Silva
c-ven-RTX190DQ-Jorge Silva
$2.8 billion

Goldman purchased the bonds at a good discount, paying $865 million, or 31 cents on the dollar.

c-ven-RTX190DQ-Jorge Silva
$2.8 billion

Opposition politicians in Venezuela warned Goldman that trying to profit amid their country’s crisis could be harmful to its reputation.

c-ven-RTX190DQ-Jorge Silva
$2.8 billion

The opposition says that the money helps Venezuela’s president Nicolás Maduro and his cash-strapped administration.

c-maduro-RTR3EUUU-Edwin Montilva

Reuters/Edwin Montilva

c-ven-RTX190DQ-Jorge Silva
$2.8 billion

The country is under economic recession and high inflation. Venezuelans are going through food and medicine shortages.

c-ven-RTX190DQ-Jorge Silva
$2.8 billion

Meanwhile, Maduro is repressing protesters calling for his ouster and for new elections.

c-flag-RTR3GU8A-Tomas Bravo

Reuters/Tomas Bravo

Published

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