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Why does Venezuela have mounting debt?
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Why does Venezuela have mounting debt?
A combination of a shrinking economy and difficulty exporting oil may mar Venezuela’s ability to crawl out of debt. Image: Shutterstock Estimates suggest Venezuela has anywhere between $150 to $170 billion in debt. So, what is the nation doing to tackle such vast arrears – and can it ever recover from them? By Victoria Heath According to estimates, Venezuela’s debts stand at roughly $150-$170 billion. This figure includes obligations to the stat…
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