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Last update: 09/22/2009
 
 
Venezuela Venezuela
 

 
RISK ASSESSMENT BY DUCROIRE/DELCREDERE

Export transactions

Political risk
Commercial risk
Low
High risks
Low
High risks

OUR INSURANCE POSSIBILITIES AND TERMS

For private buyers, authorisation of the "Comisión de Administración de Divisas" (CADIVI) or a bank guarantee is required. The claims waiting period is 12 months. For cover of transactions with public buyers, an authorisation by the President or the Minister of Finance or a guarantee of the Ministry of Finance/Central Bank is required.

SOME INDICATORS OF MARKET'S SIZE

  Venezuela
Population (in millions)

27,5

Import of goods and services (in millions of USD)

56.325

GNP (in millions of USD)

257.794

Average real GDP growth (%)

4,7

 

  Sources : IBRD, IMF, OBCE/BDBH