Neighboring country has been defaulting since 2018, accumulating more than R $ 2.7 billion only in default interest
Venezuela’s debt with Brazil exceeds R $ 10.3 billion, according to data from the Ministry of Finance updated until February 28, 2025. The neighboring country has been defaulting since 2018, accumulating more than R $ 2.7 billion only in default interest.
In the first 2 months of this year, debt stock grew R $ 960.78 million. The information is from CNN Brazil.
According to the broadcaster, estimates indicate that total liabilities may be higher than data show and reach $ 2.5 billion, more than $ 13 billion.
The debt involves credit operations for Brazilian exports, mainly related to infrastructure works in Venezuela.
Of the due, about $ 1.5 billion is directly linked to major works, such as the Caracas subway. The financing were guaranteed by the export credit insurance (SCE), lasted in the FGE (Export Guarantee Fund).
According to BNDES (National Bank for Economic and Social Development), “all resources were disbursed in Brazil, in reais, directly to exporters”.
The agency says that the installments not paid by the Venezuelans “were fully compensated by the SCE”According to BNDES, the debtor balance was transferred to the Union – the last compensation was paid in June this year.
In February this year, the Federal Deputy (PL-MG) sent one (-PDF-105 KB) to the Ministry of Finance asking the body of this information on, among other things, the concrete actions carried out by the Brazilian government to collect the payment of the debt.
The Ministry of Finance responded on April 15. “Faced with the absence of response from Venezuelan counterparts, the collection process was resumed with periodic collection of amounts, including default interest, both through diplomatic and direct communications to the Ministry of the Venezuelan Economy”Said the organ.
“In parallel, delays have also been reported to multilateral institutions, especially the Paris Club”He said.
“It should be noted that, as it is sovereign debt, the available instruments are distinct from the collection against debtors of a private nature”Declared. Here is the answer (PDF – 88 kb).
