How Venezuela Has Managed to Avoid Sinking Into Default

Venezuela faces severe economic stress, yet it has managed to avoid defaulting on its debt by prioritizing bondholders, which has become a matter of national pride. This prioritization has led to a humanitarian crisis, exacerbated by sanctions and a deteriorating democracy. The country has employed various strategies, including using reserves and dubious transactions, to meet debt payments. Despite these efforts, Venezuela's economy remains devastated, with hyperinflation predicted by the IMF. The political climate is tense, with recent elections marred by fraud allegations against Nicolas Maduro's regime.

What is the estimated inflation rate for Venezuela next year according to the IMF?

What recent political events have raised concerns about fraud in Venezuela?