Venezuela opposition may move funds in small amounts to avoid creditors -sources

Published by
Reuters

By Vivian Sequera and Mayela Armas CARACAS (Reuters) -Venezuela’s opposition is discussing how it might move frozen funds in foreign bank accounts into a proposed United Nations-administered humanitarian fund, including moving small amounts to protect the money from creditors, four sources said. Venezuela’s government and opposition in November asked the United Nations to manage more than $3 billion now held in foreign banks, gradually releasing the money to fund humanitarian efforts. The fund is not yet operational and there is no timeline for its implementation. Adding to the uncertainty is …

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