Americas Society Panel Discusses What’s Next for Venezuela and PDVSA (VIDEO)

ascoa-venezuelaNEW YORK — The Americas Society and Council of the Americas hosted four leading experts who discussed Venezuela and PDVSA’s financial standing, as Venezuela and the state-owned oil company faces payments of more than $13 billion through the end of 2017 as part of bond obligations.

In recent weeks, PDVSA has come under intense scrutiny after it offered investors a swap deal in order to postpone payments as its oil output continues to decline. Russ Dallen, who is the head of Caracas Capital and Strategic Advisor to the Venezuela Opportunity Fund, led a discussion of expert panelists on economics and politics in Venezuela that included Lucas Aristizabal, Senior Director and Head of Latin American Energy at Fitch Ratings; Diego Ferro, Co-Chief Investment Officer of $1 billion fund manager Greylock Capital; and Francisco Rodríguez, Chief Economist at Torino Capital and former Chief Economist in the early days of the Chavez National Assembly.



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