Venezuela has reached a critical point. To avoid default,
state oil and gas company Petroleos de Venezuela (PDVSA) must make $3 billion
in foreign debt payments over the next two months, and the government is
scrambling to find the cash to do so. Although Venezuela has long lived with
the risk of default on foreign debt, reports have surfaced that Caracas has yet
to seal agreements for loans it will need to make the payments — both those due
soon and for the remainder of the year. More… 
Wednesday, April 5, 2017
A Crucial Deadline Looms for Venezuela
Venezuela has reached a critical point. To avoid default,
state oil and gas company Petroleos de Venezuela (PDVSA) must make $3 billion
in foreign debt payments over the next two months, and the government is
scrambling to find the cash to do so. Although Venezuela has long lived with
the risk of default on foreign debt, reports have surfaced that Caracas has yet
to seal agreements for loans it will need to make the payments — both those due
soon and for the remainder of the year. More… 
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