The Venezuela Creditor Committee has expanded significantly, with more than 15 funds joining the group since the capture of former president Nicolás Maduro in early January.
The influx of new members bolsters the committee's negotiating position as Caracas pushes forward with a sweeping $150 billion debt restructuring plan aimed at alleviating the country's severe financial strain.
The growth in the creditor group suggests that institutional investors are increasingly willing to engage with the restructuring process, viewing the political shift as a potential catalyst for a resolution.
This development comes as the Venezuelan government seeks to restructure its obligations to restore fiscal stability and access international capital markets.
However, the path to a finalized deal remains complex.
The United States continues to pose a significant obstacle, particularly regarding oil-for-loan arrangements between China and Venezuela.