Sovereign Debt Restructurings: The Case of Venezuela Session 1

VIDEO February 24, 2018

Speaker / Author

George Tsetsekos, Ph.D.

Francis Professor of Finance and Dean Emeritus Drexel’s LeBow College of Business

Dr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching. Prior to his appointment as Dean, he served as Drexel’s Vice Provost and Vice President for academic administration and contributed to the completion of the strategic merger between Drexel and MCP Hahnemann University. Dr. Tsetsekos’ extensive research covers the broad areas of corporate finance, investments, banking and international finance. His research contributions include articles ... Read More

Lee Buchheit

Senior Partner in the Sovereign Practice Group at Cleary Gottlieb Steen & Hamilton LLP

Lee Buchheit is a senior partner in the Sovereign Practice Group at Cleary Gottlieb Steen & Hamilton LLP, based in New York. He has previously served in the Washington, D.C., London and Hong Kong offices of the Firm. Mr. Buchheit regularly advises sovereign borrowers on their debt management activities. Over the last 35 years, Mr. Buchheit has worked on the debt restructurings of more than 24 countries including Mexico, the Philippines, Russia, Iraq, Greece and Argentina. ... Read More

Leopoldo J. Martínez

Former Congressman in Venezuela

Leopoldo J. Martínez, is an international lawyer, social entrepreneur, and a former Congressman in Venezuela. Mr. Martínez is a graduate from Harvard Law School, Princeton University and the University of Miami. Martinez is the Founder of the Center for Democracy and Development in the Americas (, IQLatino ( and the Principal of LMN Consulting, LLC ( He is a member the Democratic National Committee (DNC), and a Board Member of Latino Victory Project ( and Foreign Policy for America ( He also seats on the Board of the Small Business Commission of the Commonwealth of Virginia. Recently he served in the ... Read More

Rafael M. Molina

Senior Managing Director, Newstate Partners LLP

Rafael has 25 years of experience advising a wide range of clients on finance related matters, including liability management strategies aimed at optimizing debt service profiles and yield curves, enhancing risk management practices, and the financing of sustainable infrastructure projects.  His experience includes:

  • Advising governments around the world in addressing public sector debt challenges, including the restructuring of public sector liabilities and the enhancement of risk management operations
  • Advising governments on the formulation and implementation of targeted liability management strategies
  • Advising sovereign fixed-income creditors and creditor committees on consensual negotiations to settle outstanding public sector claims
Rafael is currently leading the ... Read More

Pablo Druck

Mission Chief for Venezuela, International Monetary Fund (IMF)

Pablo Druck is the Mission Chief for Venezuela at the International Monetary Fund (IMF). Within the IMF he worked with a number of countries (Ecuador, Honduras, Kosovo, Panama, Guatemala, El Salvador, Grenada, Guyana, and Nicaragua). Prior to that he was an Assistant Professor of International Finance at the Universidad del CEMA in Buenos Aires, Argentina. He holds a Ph.D. from the University of California, Los Angeles. ... Read More