VOL. XXXII

NO. 1

10-OCTOBER-1988

Venezuela Warns on Debt Repayments

Venezuelan Mines and Energy Minister Julio Cesar Gil has warned that theprecipitate decline in oil prices may affect his country's ability to repay itsforeign debt, while acknowledging that it may also encourage OPEC to reach anew agreement on controlling production.

Mr. Gil told a press conference in Caracas on 4 October that "we arearriving at the levels of 1986" and that "undoubtedly this willcompromise the payment of the...