Venezuela: Hunger by Default

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Economic mismanagement, corruption and dwindling reserves have forced Venezuela into penury and now into missed payments and partial default on its debts

Skeb 1aFull-scale, internationally supervised negotiations involving a restored parliament are essential to pave the way to a debt restructuring and a free, fair presidential election.

  • What happened?  On 14 November, credit ratings agencies declared Venezuela in partial default on its foreign debt, after the country failed to meet a $200 million payment to bondholders.
  • Why did it happen?  Economic mismanagement and corruption have reduced Venezuela’s foreign currency reserves to under $10 billion. Its dollar earnings…

Venezuela: Hunger by…

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