The truth about Asian investment banking

The truth about Asian investment banking

Reality bites

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Skip Navigation LinksHome :: Back Issues :: Chávez Watch: Chávez can’t pay

April 2009

Chávez Watch: Chávez can’t pay

by Chloe Hayward

The Venezuelan government has started to delay payments to contractors and oil service companies, indicating that the collapse in oil prices is finally taking its toll on president Hugo Chávez’s wallet.


In mid-March, Brazilian construction company Odebrecht said it was slowing work on the Caracas metro because the government had not paid some bills.


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