#Venezuela’s #refugees: “The world’s largest forced migration crisis you have never heard of”

Nearly 5m Venezuelans have left since 2015 — about 15 per cent of the population — and another million are expected to depart this year. That could make the crisis the world's biggest refugee emergency, surpassing Syria. Unlike other humanitarian crises, it is a disaster caused not by war or natural disaster but by misrule on a grand scale.

More than 1.6m Venezuelans are now living in Colombia — more than 3 per cent of its population — and the number is rising by around 3,000 a day, according to the UN High Commissioner for Refugees. The UNHCR figures, and those of the Colombian authorities are thought to underestimate the problem because of the scale of illegal migration. 

Further south, Peru has over 860,000 Venezuelan refugees, while Ecuador and Chile have more than 370,000 each. Another 220,000 are in Brazil and more than 100,000 in the Caribbean islands.

See the whole article on the FT:

Venezuela's #refugee crisis tests Colombia's stability  

https://www.ft.com/content/bfede7a4-4f44-11ea-95a0-43d18ec715f5

bit.ly/MasterFeeds

The @ICIJorg & @NYTimes investigate #Angola’s #Kleptocracy

How U.S. Firms Helped Africa's Richest Woman Exploit Her Country's Wealth

Ms. dos Santos, estimated to be worth over $2 billion, claims she is a self-made woman who never benefited from state funds. But a different picture has emerged under media scrutiny in recent years: She took a cut of Angola’s wealth, often through decrees signed by her father. She acquired stakes in the country’s diamond exports, its dominant mobile phone company, two of its banks and its biggest cement maker, and partnered with the state oil giant to buy into Portugal’s largest petroleum company.

...A trove of more than 700,000 documents obtained by the International Consortium of Investigative Journalists, and shared with The New York Times, shows how a global network of consultants, lawyers, bankers and accountants helped her amass that fortune and park it abroad. Some of the world’s leading professional service firms — including the Boston Consulting Group, McKinsey & Company and PwC — facilitated her efforts to profit from her country’s wealth while lending their legitimacy.

The empire she and her husband built stretches from Hong Kong to the United States, comprising over 400 companies and subsidiaries. It encompasses properties around the world, including a $55 million mansion in Monte Carlo, a $35 million yacht and a luxury residence in Dubai on a seahorse-shaped artificial island.

Read the whole story here: https://www.nytimes.com/2020/01/19/world/africa/isabel-dos-santos-angola.html?

________________________

MasterFeeds

Just #QRScan to Follow @MasterFeed

________________________

bit.ly/MasterFeeds