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Maduro: Venezuela 2016 Imports Down More Than Half to $18B

Recession-hit Venezuela's imports plunged by more than half to nearly $18 billion in 2016, President Nicolas Maduro said on Monday, as the nation prioritized foreign debt payments despite chronic product shortages. Maduro, in a meeting with businessmen, said the private sector accounted for $11 billion of imports, while the cash-strapped public sector brought in $6.8 billion of products. "You accounted for 60 percent of imports for the first time in 100 years," Maduro...

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