 In May 2017, Goldman Sachs purchased $2.8 billion of PDVSA 2022 bonds from the Central Bank of Venezuela during the 2017 Venezuelan protests, when the country was suffering from malnutrition and hyperinflation.In its original statement, Goldman stated that “We recognize that the situation is complex and evolving and that Venezuela is in crisis.We agree that life there has to get better, and we made the investment in part because we believe it will.”.