Venezuelan Economic Integration Would Yield Huge Benefits; Donors Should Fund It

Today, leaders from major donor governments are meeting to discuss support for, and responses to, the Venezuelan humanitarian crisis. To date, the crisis has been massively underfunded. Donors should step up support for regional integration efforts.

More than 5.5 million Venezuelans have fled socio-economic and institutional collapse, high levels of insecurity, human rights violations, and political persecution at home. It is one of the largest displacement situations in the world, second only to Syria.

Host countries are struggling to welcome and integrate Venezuelan refugees and migrants. Many Venezuelans have few options for regularization and increased integration. In addition, the pandemic has exacerbated vulnerabilities and increased poverty among locals and Venezuelans alike.

Despite these challenges, the international community has not stepped up. In 2020, the Regional Refugee and Migrant Response Plan for Refugees and Migrants from Venezuela called for US$1.35 billion to address the crisis, but only received less than half this amount.

Today, the Canadian government is hosting the International Donors’ Conference in Solidarity with Venezuelan Refugees and Migrants. It aims to raise US$1.44 billion for the 2021 plan. To date, only 6 percent of this has been funded. Donors should not only increase their contributions, but also allocate more funds to bolster integration efforts.


CGD blog posts reflect the views of the authors, drawing on prior research and experience in their areas of expertise. CGD is a nonpartisan, independent organization and does not take institutional positions.

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