12 Sep 2017

Up Next On Venezuela’s Front: PDVSA’s Inevitable Default

Venezuela’s default is only a matter of time, as by 2020 the country must repay 30% of the external debt due to expire in the next 23 years (based on Macrobond data). While debt servicing has been a government priority, a deteriorating domestic situation (triple-digit hyperinflation, shortages of food and other basic goods, and a political crisis between the government and the National Assembly) makes it a daunting task.

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PDSVA

Source: Reuters / Forum