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Venezuelans are fleeing their country for multiple reasons.
Most of them are fleeing to adjacent Colombia as well as to countries like Ecuador, Peru. The mass migration is one of the forced displacements in the western hemisphere.
Venezuela’s former President Hugo Chavez came to power in 1998. He promised to fight poverty and inequality through socialism and nationalised huge amounts of private assets, including oil companies.
Petróleos de Venezuela, which is a state-run firm that controls entire oil production in Venezuela.
This state-run oil firm was tasked with the job of exporting oil to spend the revenues on social welfare.
Social welfare schemes were expanded as the Venezuela’s economy is primarily dependent on oil exports. As a result, Venezuela’s poverty rate fell from 50% in 1998 to 30% in 2012.
As oil prices tumbled from around $ 115 per barrel in 2014 to as low as $ 27 per barrel in 2016, then slowly, crisis has been evolved since of no other major commodity to export in place of oil, resulted in dollar flow got stopped.
Then, Government borrowed freshly to continue Social welfare schemes. It created Bolivars (Venezuela currency) from the Central Bank.
The central bank stopped publishing inflation data in December 2015, and gross domestic product hasn’t been updated in more than a year.
Venezuela’s money supply grew from 10.6 bn bolivars in 1998 to 290 bn bolivars in 2010 and later reached 7,513 bn bolivars by 2016
It resulted in rapid domestic price inflation and drop in the bolivars value and crippled the economy.
Venezuela has seen a mass exodus of citizens fleeing poverty, hyperinflation, failing public services and shortages of basic necessities.
According to the United Nations, over 3 million Venezuelans have been displaced in the region since 2015 as the fallout from the country’s economic crisis took hold.
Around between 10 and 12 per cent of Venezuelans currently live abroad in more than 90 countries due to displacement and Migration by force.
To effectively protect the rights of Venezuelans fleeing their country, states should ensure careful, individualized consideration of all asylum claims.
In doing so, they should consider recent recommendations issued by UNHCR and the Inter-American Commission on Human Rights.
Other countries should also consider adopting other legal mechanisms to afford protection and legal status to Venezuelans.
They are in urgent need of humanitarian assistance in the countries to which they have migrated. Governments should come together to adopt a collective and concerted response to it.
In particular, governments should consider adopting:
A region-wide temporary protection regime that would grant all Venezuelans legal status for a fixed period of time, at least pending adjudication of their individual claims for protection; and
A regional mechanism to distribute both financial costs, and the actual hosting of Venezuelans fleeing their country, on an equitable basis.
Governments should also look for alternatives to detention for asylum seekers, prevent arbitrary or prolonged detention in cases where detention is utilized, which should be a measure of last resort.
Allow international organizations and nongovernmental groups access to immigration detention centres to monitor detention conditions and ensure access to protection.
Conclusion:
However, the Venezuelans have been doing their homework and laying the organizational groundwork for change.
Political parties, trade unions, universities, NGOs, and the Catholic Church have come together in an initiative called Venezuela Libre.
They have been working on a detailed economic plan, amply discussed with the international community, to overcome the crisis and restore growth. This is an eye opener for the international community to identify flaws and providing remarkable solutions to the present problem.
By: Priyank Kishore ProfileResourcesReport error
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