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Andean Group - March 2016 (ISSN 1741-4466)
VENEZUELA ECONOMIC OVERVIEW
On 29 February, Fitch Ratings issued a new warning on Venezuela’s external debt position, adding to the mounting concern about a possible default later this year or in 2017. Venezuela’s external debt amounts to about US$100bn. Its willingness to pay has never been in dispute, but its ability to pay is now the big question, amidst an acute liquidity crisis.
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