Video: Venezuela and PDVSA's Bonds – What to Expect in 2017
Video: Venezuela and PDVSA's Bonds – What to Expect in 2017
Is political change a prerequisite to economic recovery in Venezuela? An investor, two analysts, and one editor discussed this and other questions about the country's turbulent situation.
Panelists:
- Diego Ferro, Co-Chief Investment Officer, Greylock Capital
- Siobhan Morden, Managing Director, Head of Latin America Fixed Income Strategy, Nomura Securities International
- Casey E. Reckman, Director, Emerging Markets Economics, Credit Suisse
- José Enrique Arrioja, Editor-at-Large, Latin America, Bloomberg (moderator)
Will the Venezuelan government and the state-owned oil firm PDVSA be able to make their April bond payments? Do they have the cash flow to avoid default in 2017? Is there a rational argument to making these billion-dollar payments as import levels plummet? Is political change a prerequisite to economic recovery? Panelists discussed these and other questions about the country's turbulent situation.
