Connect with us
Prague Gaming & TECH Summit 2024

Latest News

Venezuela: EU increases emergency assistance by €50 million

Published

on

Reading Time: 2 minutes

 

As the social and economic crisis in Venezuela continues to worsen, the European Commission is allocating a further €50 million in emergency assistance to help Venezuelans most in need.

Today’s announcement is also part of the EU’s commitment to mobilise further assistance as stated in the Montevideo Declaration of the International Contact Group. Total EU assistance for the regional crisis now stands at €117.6 million since 2018.

High Representative/Vice-President Federica Mogherini said: “The European Union stays at the forefront of the international mobilisation to support the Venezuelan people. We are working on strengthening international cooperation to make sure that humanitarian aid, including this new commitment, reaches the people in need inside and outside Venezuela in an impartial manner and through independent channels, without any attempt to politicise the delivery of aid”.

Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides added: “The EU stands by the people of Venezuela at this critical time. We are stepping up our assistance and aid operations in Venezuela and the region. Our additional support includes emergency shelter, healthcare, food assistance, nutrition services, access to safe water and sanitation, as well as children’s education.”

Last year, Commissioner Stylianides visited the eastern Colombian border with Venezuela where thousands of migrants have crossed the Simon Bolivar International Bridge. The EU has been providing support both inside Venezuela and in neighbouring countries for several years, providing funding to humanitarian partner organisations helping people on the ground.

EU humanitarian assistance is allocated following a strict needs based approach, respecting the humanitarian principles of humanity, neutrality, impartiality, and independence. It seeks to alleviate human suffering without any political, economic or other consideration.

Background

Venezuela is going through its fifth year of economic recession and hyperinflation. This situation has caused a collapse of health and education services, scarcity of food and medicines, violence and insecurity. Malnutrition rates among children are at critical levels in certain regions.

The current crisis has triggered unprecedented population displacements. According to the United Nations, an estimated 3.4 million people within the whole region, of which over 1.1 million in Colombia, more than 506,000 in Peru and 221,000 in Ecuador. Many others have fled to other countries in South America, the Caribbean and Central America. This is the largest migratory flow ever recorded in Latin America.

EU aid has helped the most vulnerable groups such as, children under five years of age, pregnant and breastfeeding mothers, the elderly, and indigenous groups. In additional, the European Union continues to be actively working towards a resolution to the multidimensional crisis in Venezuela, recognising that such a solution can only be democratic, peaceful and Venezuelan-owned. On 7 February, the International Contact Group was established. Its clear purpose is to enable the urgent delivery of assistance in accordance with international humanitarian principle, as well as establish the necessary guarantees for a credible electoral process in Venezuela.

Blockchain

Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

Published

on

alarum-announces-exciting-events-lineup-and-welcomes-esteemed-advisor-to-netnut’s-advisory-board
Continue Reading

Blockchain

RevoluGROUP Canada Inc. Announces White Label Partnership with MONECO France

Published

on

revolugroup-canada-inc.-announces-white-label-partnership-with-moneco-france
Continue Reading

Blockchain

Australian Fintech Stables Launches International Remittances Between Australia and The Philippines

Published

on

australian-fintech-stables-launches-international-remittances-between-australia-and-the-philippines

Pictured Left to Right: Erez Rachamim, Bernardo Bilotta and Daniel Li.

Continue Reading
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE