government would refinance its debt, then used the word " instead.re was goin more, let's bring in katia porzecanskiat exactly did maduro say? was he lucid? katia: great question. he used the words refinance and restructure interchangeably. they are two very different words. he didn't clarify if he was including the state owned oil company with a sovereigns, so that caused some confusion. it wasn't entirely clear that they intend to continue to pay their bonds through this situation or if they are defaulting. today, the vice president, who has been put in charge of the restructuring process, provided a bit more clarity. he said it will be both sovereign and the oil company, they intend to keep paying their debts throughout this process. he used the word "renegotiate." the third word in the whole thing. regardless, the market is not taking this well. reaching many bonds down $.18 on .he dollar traders don't like confusion. vonnie: they lost 93% of their value this year. let's talk about the creditors. there's a lot of money at stake. value is dwindling for them, to o. katia: there's the big question

katia porzecanski, thank you for joining us.ith oil prices under pressure, bahrain has a new strategy for joan -- were growing its economy. from new york, this is bloomberg. ♪ scarlet: this is "bloomberg markets," i'm scarlet fu. abigail: i never guilty little. lower oil prices have presented an economic challenge -- i'm abigail doolittle. have presenteds an economic challenge to some countries, we talked with erik schatzker. >> the challenge and finances is generally the drop in oil prices has been a blessing in disguise. it's forced governments to take on policy changes in law changes that have been for the benefit of attracting investments. erik: that would have previously been very unpopular. >> and $100 oil, we would not have seen the opening of the sector because governments necessarily need to drop fci. it's a my job a lot easier. investmentthe from 2014,double 2015 we went from $140 million to $180 million. we going to see over $700 million in 2017. erik: in foreign direct investments. >> in foreign direct investments. w