Venezuela 'new government' could get $10 billion in trade financing

MANDEL NGAN / AFP

A group of finance ministers are working on a $10 billion package of trade finance for Venezuela, if a new government is put in place.

That's according to US Treasury Secretary Steven Mnuchin, who said that a group of 20 finance ministers met earlier this week in Washington to chalk out a plan to help Venezuela out of its economic and humanitarian crisis.

More than 50 countries have recognised opposition leader Juan Guaido as the South American nation's leader, while Russia and others still back President Nicolas Maduro.

More from Business

Latest Blogs

  • PINOY BULLETIN: JUNE 09 - 13, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

  • PINOY BULLETIN: JUNE 02 - 06, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

  • PINOY BULLETIN: MAY 26 - 30, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.