Can Venezuela’s Oil Pay the Day After Bill?, by Moises Rendon

A once-rich country has now completely collapsed. Venezuela is facing some of the worst humanitarian and economic crises in the world. Hyperinflation is expected to reach at least 10 million percent this year while the GDP has cut in half since 2013. Food and medicine shortages, nationwide power outages, and lack of access to safe water and sanitation are some of the day-to-day challenges Venezuelans are facing. About 5.3 million migrants and refugees are expected to have fled the country this year. The Venezuelan people desperately need to regain their liberty to start the rebuilding of their nation, but given the magnitude of the challenges ahead, this will be one of the most dramatic and complex transitions ever seen in the Western Hemisphere.....

EN: https://www.csis.org/analysis/can-venezuelas-oil-pay-day-after-bill