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February 10th, 2014
The most renowned economists of the
country have sent a dramatic alert regarding the
The difficulty in delivering imported
goods does not end the problem caused by the
restriction in delivering foreign currency.
President Maduro accuses the private
sector of promoting an economic war.
According to Gaviria, member of the
opposition, corruption blooms and creates enormous
fortunes shared by officials and opportunists of the
The total debt of the private sector
regarding imports not paid is estimated in 10
Billion Dollars, but according to recent
calculations, the amount is larger.
Amounts to thirteen billion Dollars,
which represents 61.6% of the international
Venezuela is selling oil at 100
Dollars per barrel and therefore, an administration
fairly efficient would not have debts with importers
of goods we do not manufacture. None other Latin
American government is facing problems such as ours
and many have an abysmally lower income.
The Dollar reserve managed by Banco
Central has registered a drop of 26% to land on
Scarce liquidity on the part of the
government to satisfy the demand of Dollars on the
part of the private sector.
Venezuela is the country with the
most elevated country risk in the world and will
have to pay an interest rate of 14 percentage
points, way over that the US is paying.
Global 27, the most representative
title of the basket of Venezuelan bonds ends at
64.9% of its value.
PDVSA only delivers to Banco Central
half of the foreign currency deriving from sales of