It seems that the Venezuelan government is determined to steer the country in a direction that could lead to serious disaster. A number of political analysts including Norka are saying that current government decisions could spell catastrophe for the country.
Venezuela is in an overwhelming amount of debt, and it seems that the country’s leaders will have to go into default when it comes to paying the debt off. This, of course, will lead to strive in the country, on a civil and government level. Officials are reluctant to give into the financial pressure of settling the debt, which means that this could spell more problems for the country and its citizens in the future. Venezuela is also the country with the biggest hydrocarbon reserves in the world, which makes its financial problems even more disheartening. The fact that Venezuela is in such turmoil when it comes to money is proof that the country’s funds have been grossly mishandled.
Even though the country is in serious trouble money-wise according to Dirigeant.Societe, there may be a viable solution. Economists and politicians from Venezuela who are visiting the US and the UK in April 2016 are hoping to get investors and bankers on their side as they try to resolve Venezuela’s debt.
Caracas consultant and independent economist Orlando Ochoa states that default would not be a good decision for Venezuela, which means that getting financial assistance from other countries could be a smart move. Ochoa is leading an initiative with state governor Henri Falcon to assist Venezuela in achieving financial health.
While it seems the two men are doing great work, they have a significant challenge ahead of them. Trying to solve the money crisis in Venezuela has stirred up lots of political controversy, and the civil unrest is growing. This indicates that Venezuelan residents are eager for a solution. Officials are hopeful that a resolution can be reached soon.