President Nicolas Maduro is reassuring foreign creditors that Venezuela’s government will make good on a $4.5 billion foreign debt payment due next month.
But economists are uttering the D-word for the first time, noting the inflation-ravaged economy is stumbling with basic goods in short supply and the currency eroding in value.
Maduro has repeatedly said default is not an option. On Wednesday, he reiterated his administration’s commitment to pay “down to the last dollar.”
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