Back

LatinNews Daily - 17 July 2019

In brief: IDB highlights Venezuela crisis

* The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, has declared that improving the situation in Venezuela is the most urgent issue in Latin America. “The country has fallen into an abysmal state”, Moreno said, speaking at the IDB’s 60th board of governors annual meeting in Guayaquil, Ecuador, noting that “although in the 1950s, Venezuela had the highest income per capita in all of Latin America, today 94% of the population lives below the poverty line”. Ecuador’s President Lenín Moreno pointed out that the crisis in Venezuela is not just a national issue, but a regional one as well, citing that 500,000 Venezuelan migrants now live in Ecuador, costing the country around US$500m every year.

End of preview - This article contains approximately 119 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.