EU announces 35m euro aid package for Venezuela crisis | The Daily Star
12:00 AM, September 02, 2018 / LAST MODIFIED: 12:00 AM, September 02, 2018

EU announces 35m euro aid package for Venezuela crisis

The EU announced a 35 million euro ($41mn) aid package on Friday to counter the effect of Venezuela's economic crisis, which has sparked one of the biggest exoduses in Latin American history.

"I can announce today that the European Union just adopted a package of humanitarian aid of 35 million euros to support Venezuelans both inside Venezuela but also in the neighbouring countries and the host communities," EU foreign policy chief Federica Mogherini said after a meeting of EU foreign ministers in Vienna.

Mogherini said the money would go to activities "focusing in particular on nutrition, water, health and the support to the most vulnerable people".

Venezuela's economy has collapsed into chaos under President Nicolas Maduro since 2013, with falling oil prices leading to chronic shortages of food and medicine and hundreds of thousands of people fleeing the country.

"We're extremely worried for the humanitarian situation in the country but also the effect on the neighbouring countries that are receiving massive waves of Venezuelans in their territory," Mogherini said.

Some 1.6 million Venezuelans have fled the country since 2015 as four years of recession and hyperinflation the International Monetary Fund predicts will reach one million percent this year have left large swathes of the population in poverty.

Maduro has systematically sidelined the opposition as he tightens his grip over Venezuela, with the political turmoil worsening the country's ability to deal with its economic collapse.

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