ROUNDTABLE SERIES ON INTERNATIONAL ECONOMICS AND FINANCE

Small Group Discussion

Venezuela: What Comes Next?
SPEAKER

Russell Dallen, Managing Partner, Latinvest

DATE AND TIME

Robert Kahn, Steven A. Tananbaum Senior Fellow for
International Economics, Council on Foreign Relations

Friday, May 13, 2016
12:00 p.m.–12:15 p.m. Lunch
Reception
12:15 p.m.–1:30 p.m. Meeting

This roundtable is not for attribution

LOCATION

PRESIDER

Venezuela is entering a critical moment. Rapidly falling
economic activity, hyperinflation, food and energy shortages,
civil unrest, and political impasse are pushing the country
near collapse. Despite debt repayments in early 2016, the
sovereign and the state-owned oil company PDVSA are
facing a rising risk of default. How will Venezuela’s crisis
evolve in the coming months and beyond?
We are pleased to host Russell Dallen, managing partner at
Latinvest, who will lead us in an informal discussion of this
critical topic. Russ will lead us in a discussion of Venezuela’s
economic and political outlook, debt sustainability, and postcrisis scenarios. The debt problem is complex and calls for
active roles of private creditors, official creditors like China,
and multilateral institutions including the International
Monetary Fund. Moreover, resolving the country’s crisis
rests on orderly political transition and deep macroeconomic
reforms, which are essential to reducing the debt overhang
as well as steering the country back to economic growth.
This roundtable is cohosted by Shannon O'Neil and Robert
Kahn. Please join us in this timely discussion.
If you have any questions, please contact Ted Liu at
202.509.8443, or by email at tliu@cfr.org.
This invitation is not transferable

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