So, you’ve been invited to your first Venezuelan Piñata. Don’t fret my dear non-Venezuelan. We’ll walk you through everything you need to know to enjoy – or at least survive - your first Venezuelan kiddie birthday party.
Seventeen months after a bizarre, closed-doors deal between PDVSA, Banco de Venezuela and BCV, a “new” Pdvsa 6% 2022 bond turned up and fell a hair-raising 11% in its first day of ‘trading’. We set out to figure out what the hell that’s about.
PDVSA will probably have to pay three times what it will get for a murky operation that has analysts befuddled. To the Venezuelan government, this all makes perfect sense.
The government's latest plan to deal with long lines for basic products is one of the most heartbreaking cultural artefacts of the last seventeen years.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.