Colón Free Zone slashes Venezuela debt
Monday, June 6, 2016
The debt allegedly owed by Venezuela to Panama’s Colon Free Zone plunged from $530 million to $41 million, following a recent audit using a different methodology.
According to Free Zone Manager Surse Pierpoint, the new audit was conducted “because there was a lot of skepticism on the part of Venezuela over the figure.” Users of the Free Zone have opposed the agreement, saying it does not reflect the actual debt.
Source: Newsroom Panama