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.
Source: Reuters
