VENEZUELA PHARMA SECTOR STARVED OF FOREIGN CURRENCY
April 14th, 2014
Venezuela's pharma sector is in critical condition as medicine manufacturers and traders are struggling to get their hands on hard currency, hindering them from importing medicines and manufacturing ingredients and materials. US dollars are crucial for most industries in the country’s import-reliant country, which earns most hard currency from oil exports. Yet as Venezuela faces an increasingly grim economic outlook and USD is often in short supply on official exchanges, preventing manufacturers and traders paying bills issued by foreign suppliers. Further ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.