Netherlands for the World Bank

Your guide to the World Bank Group

Netherlands for the World Bank

It’s time to start solving Latin America’s migration crisis with creative housing solutions

The world’s largest migration crisis today may no longer be in the Middle East or Africa, ninha_-_by_greta_granados_de_orbegoso_world_bank_herobut in Latin America , where 4.8 million people have already fled Venezuela’s political and economic crisis to seek better lives, mainly in Colombia; but also in Peru, Chile, the U.S., and even Spain.

Surveys have indicated that over half of Venezuela’s young professionals wish to leave, and departures could reach 20% of the total population by the end of 2020. Yet, this crisis remains alarmingly underfunded by the international community, which is spending a mere $300 per capita to help Venezuelans compared to $5,000 per Syrian refugee. To be sure, these Venezuelan migrants are not fleeing armed conflict, but they are facing deadly living conditions.

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