Venezuela Begins Restructuring Its Debt. Is This an Immediate Improvement for Its Economy?
7 Articles
7 Articles
Analysis by Emiliano Giménez, CNN en Español: Almost a decade passed before Venezuela could begin a process of restructuring its sovereign debt. Between its own defaults and US sanctions, the country gradually fell off the radar of voluntary credit markets starting in 2017, a situation that led to global isolation and a severe impact on the economy.
The International Monetary Fund estimates that the debt-to-GDP ratio is between 180 and 200%, a figure that contrasts dramatically with the South American average, which is around 79.7%. This means that Venezuela owes almost double what it produces in a year. The post Is debt restructuring viable? This is said by economists appeared first on NATIONAL EL.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
