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AS/COA Online Explains: Venezuela Faces Default

Venezuela's bond payments of nearly $5 billion are due in October, but sinking oil prices aren't helping; analysts predict a default could well happen. Meanwhile, Venezuelans are facing inflation at 275 percent and consumer prices are expected to increase 152 percent in 2016. Greylock Capital's Jose Ferro, Moody's Jaime Reusche, and head of AS/COA's Venezuela Working Group Guillermo Zubillaga comment on the possibility of a future credit event. 

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AS/COA Explains is a video series exploring game-changing topics in the Americas. Watch other episodes.

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