The International Organization for Migration (IOM) and the United Nations Refugee Agency (UNHCR) detailed in a recent report that more than four million people from Venezuela have serious problems meeting their basic needs once they leave the country.

The latest analysis on the needs of refugees and migrants in 2023 reveals that despite the efforts of host countries to regularize and integrate all these people, the global and regional crisis especially affects those who leave Venezuela, who are also at risk. of being victims of abuse, human trafficking, forced recruitment and gender violence.

Thus, although “regularization initiatives in the region are the path to a dignified life,” as pointed out by the joint special representative of the IOM and UNHCR for Venezuela, Eduardo Stein, 60% of Venezuelans with proper documentation do not has adequate access to basic rights.

“The fact that half of Venezuelans in the region face barriers to receiving medical care and cannot afford three meals a day or access adequate housing highlights the urgent need for international support,” Stein said.

The study, carried out by the Regional Interagency Coordination Platform for Refugees and Migrants from Venezuela (R4V), shows that despite the “positive results” of these initiatives, a third of Venezuelan refugees in Latin America and the Caribbean have not been able to regularize their situation, which prevents them from accessing well-paid jobs.

This situation has caused, for example, that 19% of the minors of these families have stopped going to school for informal and poorly paid jobs to help the family economy.

“The countries of the region urgently need greater financing,” claims a report, which warns that of the 1.72 billion dollars requested by R4V, barely 12% of these funds have been received.

According to official figures and estimates from host countries and the R4V Platform, until August 2023 there were more than 7.7 million refugees and migrants from Venezuela around the world, of which more than 6.5 million They are found in 17 countries in Latin America and the Caribbean.

Source: dpa

(Referential image source: Mathias Reding, Unsplash)

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CAF approved the disbursement of 1,650 million dollars corresponding to seven loans destined to support the economic development of Latin America and the Caribbean, with Argentina, Brazil, Paraguay, Peru and Trinidad and Tobago as beneficiaries.

These operations are intended for strategic activities in the continent such as social development, water sanitation or digital transformation, among others. “The objective is to improve the population’s access to basic services such as water or natural gas,” explained the institution’s executive president, Sergio Díaz-Granados.

Argentina will receive a loan of 440 million dollars (431.4 million euros) to “promote” the economic, environmental and social recovery of the country. For its part, Brazil will receive 140 million dollars (136 million euros) as part of the increase in the revolving credit line of the regional bank BRDE.

In the case of Paraguay and Peru, they will receive 293.2 million euros and 635 million euros, respectively, to promote sustainable development. Finally, the loan to Trinidad and Tobago will amount to 117 million euros, with the aim of supporting digital transformation.

The executive president of the bank has highlighted his commitment to advancing in the economic reactivation of the region in an environmental key to provide solutions with which to overcome obstacles and generate opportunities “that improve the quality of life of Latin American and Caribbean people.”

Additionally, within the framework of the activities to commemorate the 25th anniversary of the incorporation of Panama as a shareholder of CAF, the subscription agreements for ordinary capital shares were signed for Chile and Costa Rica to become full members.

Source: dpa

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The Venezuelan economy in 2021 was characterized by a series of restrictions imposed by the government due to the pandemic. However, for 2022 great challenges are assigned to achieve economic growth in the country.

The main economic challenges for Venezuela for 2022 are:

• Tame inflation

Since 2017, Venezuela has registered the highest hyperinflation in the world, but last year and for 11 continuous months it achieved figures below 50%, placing the country one month away from overcoming hyperinflation. The great challenge of 2022 is to reduce these monthly percentages, but above all to ensure that the prices of products and services do not increase again.

According to the figures issued by the Central Bank of Venezuela, accumulated inflation closed at 631.1%, while the interannual was 1,197.5%. The national government must deal with these figures, which aspires that 2022 will become the year of economic recovery.

• Increase Tourism

Achieving a diversified economy is one of the goals set by the national government, which plans for 2022 to focus its attention on the tourism industry, which is why it is currently developing projects to attract investment and reactivate the tourism sector in the country.

The President of the Republic, Nicolás Maduro, believes that tourism should become the driving force behind the economy, replacing the oil industry. However, this is one of the biggest challenges of the country because this fact also implies overcoming the economic crisis and recovering basic services such as electricity, water, among others throughout the national territory in order to turn the country into a tourist power .

• Revive the national currency

Within the framework of a de facto dollarization, installed as an equilibrium measure for a non-existent price of the bolivar. The biggest challenge for the national government is to recover the value of the bolivar and convert it back into the national reference currency.

The national executive promised, within the framework of the third national conversion that occurred last October, to promote the national currency now called the digital bolívar

• Rescue sports spaces

Venezuela achieved one gold and three silver medals at the Tokyo 2020 Olympic Games, for which the President of the Republic announced the launch of the “Olympic route plan” that will aim to strengthen sports areas for the training of athletes from the country. The challenge of this mission is to recover abandoned spaces and build new buildings, which implies a large financial investment in the infrastructure area.

M. Rodríguez

With information from specialized media in economics

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