PDVSA blame game no cure for cashflow crisis

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PDVSA blame game no cure for cashflow crisis

Oliver West
November 24, 2016 10:00 PM
Nicolas Maduro
Venezuela's President Nicolas Maduro holds up a small copy on the constitution during a meeting with leaders of the opposition at Miraflores presidential palace in Caracas, Venezuela, Thursday, April 10, 2014. Maduro's opponents blame his government for destroying the oil-rich economy and stamping out dissent. Meanwhile Maduro claims he's the target of U.S.-backed coup attempt. (AP Photo/Fernando Llano) | Fernando Llano/AP/Press Association Images

Whether PDVSA bondholders choose to believe JP Morgan’s EM research team, or if they agree with the Venezuelan company’s CEO that the US bank is an “enemy of the fatherland”, they cannot have had a particularly reassuring run-up to Thanksgiving, after the borrower’s coupon payments went missing. Oliver West reports.

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JP MorganVenezuelaAmericasLatAm BondsCitiEmerging MarketsLatAmLatin America
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Oliver West
US Bureau Chief - Latin America Editor
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