Tuesday 22 June 2021

Alternatives To Reduce Poverty in Venezuela

Poverty at record high in Venezuela. A woman waits in line to check out at the Dia a Dia supermarket in the Propatria neighborhood of Caracas, Venezuela. Popular items with government fixed prices that have been running short are coffee, cooking oil, precooked corn flour, sugar, milk, toilet paper, disposable diapers, detergent and fabric softener, among other items. Photo: AP Photo/Ariana Cubillos

TODAY VENEZUELA – In a public statement, the Venezuelan National Academy of Economic Sciences (ANCE) has brought forward a series of economic proposals in order to “overcome continued deterioration in Venezuelans’ living conditions and the visible unwillingness to amend the causing policies by the Executive Office.”

The scholars deemed it necessary to address themselves to the nation, as “the dire inflation rate, the highest in the world in the past three years, impoverishes the people in worrisome terms.”

The text, signed by Humberto García Larralde (president) and Sary Levy Carciente (secretary), refers to the Survey on Venezuelans’ Living Conditions (Encovi), conducted in tandem by Andrés Bello Catholic University, Central University of Venezuela and Simón Bolívar University.

- Advertisement -

The findings could not be more alarming: the poverty rate, already very high in 2015 (73%), hits 81.8% of households, the first ever recorded in Venezuelan modern history. More than half Venezuelans are in extreme poverty (51.5%). Altogether, only 18.2% of families are not poor.”

The Academy suggests to reduce “urgently” the State fiscal deficit, remove monetary financing, unify the exchange rate at its real values and unleash the production forces to meet the needs in the domestic market.

Article originally appeared on Today Venezuela and is republished here with permission.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Long lines and confusion as Venezuela begins COVID-19 vaccination

Q24N (Reuters) Hundreds of senior citizens and health workers stood in...

Bolsonaro compares quarantines to Maduro’s dictatorship

Q24N - Brasilia (EFE) The president of Brazil, Jair Bolsonaro, said...


Week immersed in passage of tropical wave, June Solstice and Veranillo

QCOSTARICA - Today, Monday, June 21, is the day of the year when the sun stays the longest on the horizon, therefore it is...

Today’s Vehicle Restriction June 19: only “ODDS” can circulate

Today, Saturday, June 19, only vehicles with "ODD" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Bribed with cars, sexual favors and money in exchange for road works contracts

QCOSTARICA - The OIJ uncovered a big pothole on Monday when it was announced that public officials had allied with construction companies that, apparently,...

13 Powerful Home Remedies for Acne

Acne is considered to be one of the most common skin ailments on the planet, with a record 60 million people being afflicted by...

Fifth tropical wave precipitation will be heavier in the north of the country

QCOSTARICA - For this Wednesday, the arrival of the fifth tropical wave of the season is expected, thus reinforcing the rainy activity mainly to...

Companies covered up defective asphalt

QCOSTARICA - The judicial file of the Cochinilla Case, on alleged corruption in road works, exposes how three companies would have covered up the...

Today’s Covid News: Less than 800 new cases for the first time in two months

QCOSTARICA - For the first time in two months, less than 800 new cases of covid-19 in a single day were registered on June...

Despite investigation, construction of road works by H. Solís will continue

QCOSTARICA - Five major road works under the responsibility of the H. Solís company will continue in development despite investigations for alleged corruption involving...

Carlos Alvarado: “Don Rodolfo has my confidence”

QCOSTARICA - President Carlos Alvarado said he has all the confidence in his Minister of Public Works and Transport (MOPT, Rodolfo Méndez Mata, and...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Article originally appeared on Today Venezuela and is republished here with permission.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.