OAS debates crisis in Venezuela

Besides the NY demonstrations, another protest is planned for Thursday in Miami, home to a large Venezuelan diaspora who have fled the economic and political turmoil engulfing the country.

Even at 31 cents on the dollar, Nomura is taking a risk buying the bonds.

The investment bank used the money to buy bonds in Venezuela's state-owned oil and gas company.

Nomura Securities said it also bought about $100m worth of the bonds last week, according to Reuters reports.

The draft tabled by the United States, Canada, Mexico, Peru and Panama would urge Venezuelan President Nicolas Maduro to call early elections and free political prisoners, while a mildly-worded Caribbean initiative would call for dialogue between rival political forces, according to El National. We made the investment in part because we believe it will.”. The government must understand that it should listen to the Venezuelan people, ' Capriles said and called on the opposition to rally in front of the Interior Relations Ministry, but past midday no one from the opposition groups had shown up.

“It's very serious that money is given to a corrupt, repressive dictatorship and an global bank gets off unscathed, ” lawmaker Carlos Valero, a member of the Venezuelan congress's finance commission, said as the bill was passed.

"We recognize that the situation is complex and evolving and that Venezuela is in crisis", the firm said in a statement.

At least 62 people have been killed in the two month-long confrontation and another 1,100 people have been injured.

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In a statement, Goldman confirmed the purchase, without mentioning how much it paid.

"Goldman Sachs' financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country", Julio Borges, president of Venezuela's National Assembly, wrote in a letter to Goldman Sachs president Lloyd Blankfein. Borges, the opposition leader, is supposed to be the guy who will one day justify Goldman's multibillion-dollar bet on the future of Venezuela.

Once South America's richest country and awash in oil, Venezuela's government under Hugo Chavez and Nicholas Maduro took less than two decades to destroy the nation's democracy and economy. Maduro says the protests are a violent effort to overthrow his government, and insists the country is victim of an "economic war" supported by Washington.

"It may get them through the day", a senior US official said Tuesday, "but the longer-term consequences seem to be quite damaging for the institutions as well as for the society".

Goldman Sachs did not immediately respond to a request for comment. The bonds were issued in 2014 and are set to mature in 2022.

The U.S. State Department is trying to persuade countries across the Americas to pressure President Nicolás Maduro into reinstating democratic norms after he tried to dissolve Congress.

Venezuelans supporting the Maduro government marched Wednesday in Caracas under the banner of rejecting worldwide intervention and sending a message to the representatives meeting in Washington that - as socialist politician Elias Jaua put it - Venezuela's sovereignty must be respected.

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