Venezuela: The challenge of migrating again
GZero Signal Newsletter, Dec 27/12/2022
Since strongman President Nicolás Maduro responded with an iron fist to widespread protests in 2014 over shortages of goods and sky-high inflation, Venezuela has been subject to more severe US economic sanctions that have put its already-struggling economy on life support. (One of the first sanctions was imposedby the Bush administration in 2006 over Caracas’ failure to crack down on drug trafficking and terrorism.)
As a result of the economic and political crises gripping the country, more than 7 million Venezuelans have fled since 2015, making it one of the world’s largest migrant crises. For those who stayed behind, their quality of life is abysmal: Joblessness is rife, the medical system is in tatters, and more than 67% live in extreme poverty. Meanwhile, most of those who fled sought refuge in Latin America, mainly in Colombia, where they have struggled to find jobs – forcing many women to resort to sex work or even to sell their hair to survive.
But 2022 brought fresh challenges for Venezuela's migrant population. Global inflation has disrupted Latin America’s gig economy, which many Venezuelan migrants rely on to get by. As a result, thousands have been forced to uproot their lives – again – resulting in new migration routes to North America.
Consider that in the first 10 months of this year, Venezuelans accounted for 70% of people who trekked through the Darien Gap, a perilous crossing between Colombia and Panama that’s submerged in dense jungle and swarming with drug cartels and guerrilla groups. The US recently lifted some sanctions on Venezuela's oil sector in a bid to offset losses from Russia. But Washington is still a long way off from reaching any agreements with the Maduro regime that would rescue Caracas’ economy.
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