(Bloomberg) -- Venezuela's dollar bonds rose the most in more than a week as concern eased that the South American country may trigger a default by pulling out of the International Monetary Fund.
President Hugo Chavez threatened last week to cancel the country's membership in the IMF and the World Bank because they limited Venezuela's ``economic sovereignty.'' The prospectus for the country's bonds states that ``Venezuela ceasing to be a member of the IMF is an event of default.'' Finance Minister Rodrigo Cabezas said last week that Venezuela wouldn't default.
Read more at Bloomberg Bonds News
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