The Operating Map: Venezuela's State-by-State Security and Country-Risk Assessment for Real-Asset Investors

Fifteen prior installments mapped who is owed, what the assets are worth, and where claims will be litigated. This installment maps the physical terrain on which any recovery must ultimately be realized: which of Venezuela's twenty-three states and the Capital District can be operated in, under what conditions, against which armed actors, and at what risk premium. A country-risk and operational-security assessment built for the real-asset vertical, the difference between an asset that exists on paper and an asset a fund can actually underwrite.