Code Red: Venezuela's Oil and Debt Crisis
Halff, Antoine; Monaldi, Francisco; Palacios, Luisa; Santos, Miguel Angel
The economic and humanitarian crisis in Venezuela took a turn for the worse in the second half of 2017. Declines in oil production and exports are accelerating. The government has fallen behind in debt payments, past the grace period in several cases. This report summarizes some key takeaways from an expert workshop convened by Columbia University’s Center on Global Energy Policy to appraise these alarming developments.