Venezuelan migration is the largest human mobilization in the region’s recent history.
According to data from R4V (Coordination Platform for Refugees and Migrants from Venezuela), between 2016 and November 2023, more than 7.3 million men, women and children have left Venezuela, and more than 80% of them are in other Latin American and Caribbean countries like Brazil, Colombia, Ecuador and Peru.
Historically, LAC has had large migration flows but Venezuela’s migration crisis is different because its sheer magnitude is exerting enormous pressure on recipient countries, particularly in education, employment, and health.
The World Bank Group is supporting host countries with:
- Share global experience and support host countries in defining the scope and scale of the economic and social impact of migration
- Provide an integrated framework for response
- Support host countries in developing effective policies and programs to manage migration
- Just-in-time consultations and knowledge sharing with global experts in refugee crisis management
- Financing solutions to support investments and policy reforms
- Specific instruments (e.g. GCFF) for middle-income countries facing refugee crises
- Facilitating partnerships and joint responses between key stakeholders including government, UN agencies, and the private sector
At the regional level, the WBG is coordinating with the UN’s Inter-Agency Regional Platform and providing technical assistance for analysis, strategic planning and operational response.