Why is Venezuela such a good payer with Wall Street?

Why is Venezuela such a good payer with Wall Street?

  • Daniel Pardo
  • BBC Mundo, Caracas

Wall Street

Image source, BBC World Service


Venezuela has a good reputation on Wall Street, but will it stay that way?

Venezuela has the reputation of being «good pay» or good payer. But rumors that he could be in default in October are on the table.

It all started two weeks ago with an article by the Venezuelan economist, former Minister of Planning and Harvard professor Ricardo Haussman.

In the essay, he argues that the government must stop paying its debt to Wall Street bondholders in order to pay airlines, drug companies, and food importers, among others, and thus solve some of the shortage issues. that Venezuelans know.

The test generated all kinds of reactions. On the one hand, the president, Nicolás Maduro, asked the prosecution to open an investigation into Professor Haussman for having led a «campaign to harm the homeland».

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