LEADERSHIP EVENTS Will Venezuela Default? Americas Society / Council of the Americas February 25, 2016 SHARE: Events OVERVIEW(ACTIVE TAB) SPEAKERS (Image: Rafael Matsunaga Flickr) (Video starts at 0:55) Follow the discussion on Twitter: #VZdefault | @ASCOA Venezuela boasts the world’s largest proven oil reserves, yet with the steep decline in oil prices the country is in a self-declared state of economic emergency. Its GDP contracted 10 percent in 2015 and inflation hit an estimated 200 percent, while severe shortages of food and medicine worsened. At current oil prices, Venezuela will take in about $20 billion from oil revenues in 2016. But analysts suggest this will not be enough to avoid a credit event, as the country will have to service $10 billion of its debt stock in 2016, while continuing to import basic goods—which totaled $37 billion in 2015. The Americas Society and Council of the Americas will host a conversation with leading experts to discuss the country's financial outlook. Speakers: Diego Ferro, Co-Chief Investment Officer, Greylock Capital Jaime Reusche, Vice President and Senior Analyst, Sovereign Risk Group, Moody’s Investors Services Martin Schubert, CEO, European InterAmerican Finance Katia Porzecanski, Emerging Markets, Americas, Bloomberg News (moderator)@katiaporzo Registration: This event is complimentary for all registrants, though prior registration is required. Event Information: Guillermo Zubillaga | firstname.lastname@example.org | 1-212-277-8362COA Corporate Membership Information: Monica Vieira | email@example.com | 1-212-277-8344AS Individual Membership Information: Felipe Marin | firstname.lastname@example.org | 1-212-277-8342Press Inquiries: Adriana La Rotta | email@example.com | 1-212-277-8384Cancellation: Please contact Juan Serrano-Badrena firstname.lastname@example.org before 3:00 p.m., Wednesday, February 24.