National Post



Venezuela’s central bank has reached a deal that will provide the country with at least US$300 million from New York-based investment fund Fintech Advisory Inc. to help offset a cash crunch, sources said. The crisis-hit country has spent months negotiatin­g with investment banks, offering bonds as a guarantee, as it seeks to boost liquidity ahead of steep debt payments that begin this week, Reuters reported in February. Venezuela’s oil- dependent economy is suffering a brutal recession that has millions of people skipping meals amid steep inflation, low salaries and food shortages. Opposition lawmaker Rafael Guzman on Monday said the central bank was negotiatin­g with Fintech, run by financier David Martinez, to obtain cash, using bonds issued by state oil company PDVSA as guarantee.

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