Venezuela’s rising debt


Venezuela has ratcheted up its debt over the past few years, even as the country has been officially cut off from international credit markets and is facing U.S. sanctions.

What’s happening: A new debt estimate from the Institute of International Finance finds the country has been issuing a steadily growing pile of debt through state-owned oil company PDVSA and private debt deals with the likes of China and Russia. But the central government also has managed to run up significant debt.