All about Debt

By Edition On Monday, March 12th, 2018

Minister of Education: “Student loan debt Curaçao students is worrisome”

WILLEMSTAD - Curaçao students have a worryingly high student loan debt. According to Minister Marilyn Alcalá-Wallé of Education, Science, Culture and Sport, this debt currently amounts to 300 million guilders More...

By Edition On Wednesday, November 8th, 2017

Russia agrees to restructure Venezuela’s $3bn debt

MOSCOW - Russia’s Finance Ministry said on Wednesday that Venezuela's $2.8 billion debt to Moscow will be restructured to meet a previously agreed extension of payment terms. “We have an agreement on (debt) More...

By Edition On Thursday, October 26th, 2017

PDVSA: Venezuela’s cash crunch means waiting five months to get paid

HOUSTON - Off of Curacao, a huge tanker has been bobbing in the water with its cargo of crude oil for five months waiting to get paid -- the latest sign that Venezuela’s cash crunch could get a lot worse as more More...

By Edition On Thursday, February 23rd, 2017

Tax debt now reason for grounding MDs InselAir Aruba

ORANJESTAD, WILLEMSTAD - The Aruban Civil Aviation Authority now uses the tax debt of InselAir Aruba as a reason to keep the MD fleet of the airline on the ground. First, the aircraft were grounded because of technical More...

oil refinery
By Edition On Friday, October 28th, 2016

Logistics woes in the Caribbean for Venezuela’s PDVSA

WILLEMSTAD - Growing financial troubles for Venezuela's PDVSA have started to snarl its logistics and operations in the Caribbean, where unpaid bills have frustrated suppliers and business partners. Here's a rundown More...

By Edition On Monday, July 18th, 2016

Venezuela’s PDVSA seeking to securitize oil services debts

CARACAS - Venezuelan state oil company PDVSA is in talks with oil services companies to turn unpaid bills into financial instruments, a process known as securitization, its president, Eulogio del Pino, said in More...

By Edition On Friday, May 6th, 2016

Puerto Ricans protest against proposed US financial oversight board

SAN JUAN - On Sunday, May 1, which is International Workers’ Day, various civic, trade union and political groups organized a massive march against a proposal by the United States Congress to impose a federal More...

San Juan Puerto Rico
By Edition On Thursday, April 7th, 2016

Puerto Rico lawmakers approve moratorium on loan repayments

SAN JUAN - Early Wednesday morning, Puerto Rico's House of Representatives approved a bill imposing a moratorium on servicing the US territory’s massive $70 billion debt. The Senate approved the bill in the early More...

Puerto Rico
By Edition On Wednesday, January 13th, 2016

Cash crunch threatens to cut off gas and electricity supplies in Puerto Rico

SAN JUAN, Puerto Rico – Puerto Rico’s cash-strapped government and some institutions face a worsening cash crunch that threatens to cut off their access to gasoline and electricity amid the island’s economic More...

garcia padilla
By Edition On Tuesday, June 30th, 2015

We have our own Greece in the Caribbean: Puerto Rico

SAN JUAN - Puerto Rico cannot repay its debts. The governor of the island, Alejandro García Padilla, declared this in a speech last Monday. The debt crisis in the Caribbean island did not attract as much attention More...