Venezuela repays USD 3.8 billion in foreign debt

The head of the Venezuelan Office of Public Credit, Luis Dávila, said that closing this fiscal year the Venezuelan foreign debt will be cut by USD 1 billion compared to 2006.

The offcial told the official news agency ABN that "this year USD 3.8 billion were repaid in foreign debt, and the government contracted less obligations than the debt repaid, which translates in a debt reduction, with debt amounting to some USD 26 billion."

This article is courtesy of ElUniversal.com.