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Posts Tagged ‘venezuelan economy’

sister MJS sister, nws, lyn.jpg

Today there was an exciting development in public diplomacy that brought two communities together: the Venezuelan city of Carora and Milwaukee, Wisconsin. These two places have teamed up to build connections through cultural, educational, and economic activities. Notably, it is the first Sister City agreement made between the U.S. and Venezuela in ten years.

The Sister City program allows citizens from the two countries to unite on a local level, which helps build cross-cultural understanding. It can also add a human element to political realities.

Milwaukee Mayor Tom Barrett said:

Our leaders of our representative countries have not had the warmest relations and that makes what we are doing today more important. If leaders don’t see eye to eye that doesn’t keep individuals from working together. Political leaders come and go, but at the local, grass-roots level there’s still the ability as human beings for us to make the world better.

City officials are looking forward to sharing ideas on issues such as water, dairy production and coffee exchange. Carora is creating a welcome house for visitors from Milwaukee where they can learn about the city’s rich heritage.  It is in fact one of the oldest colonial cities on the South American continent, founded for the first time in 1569.

Considering the cold temperatures in Wisconsin, Milwaukee’s new sister will likely attract her share of snowbirds next winter!

Stay tuned for updates.

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In Venezuela, going to the bank is getting easier for people who live in low-income neighborhoods.

The government is pushing financial institutions nationwide to open up in areas that historically lacked access to banking. Small loans are being given out in these areas, which are hotbeds of entrepreneurship.

The technique of microfinance, as it is known in development lingo, has for many years been practiced by government lending agencies such as the Banco de Desarrollo (the development bank known as BANDES) and Banco de la Mujer (the women’s bank, BANMUJER). Micro-lending has been an important part of Venezuela’s anti-poverty effort.

Venezuela continues to experience high rates of economic growth and consumer activity. Small businesses open up every day. Now, the poor may stand to benefit more as the private banks catch on and capture the market for financial services. Read more here.

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Because its economy based largely on natural resource exports, Venezuela faces particular challenges with regard to environmental sustainability. How can a country draw on the Earth’s riches while ensuring their long-term availability?

One way is to prevent excess exploitation. This is exactly what Venezuela’s Ministry of the Environment has recently done by curtailing gold mining activities in the Imataca Forest in the southeastern state of Bolívar. This region of Venezuela boasts an amazing amount of bird species, and birding is one of the country’s top tourist attractions. Five major Indigenous groups living in and around the Imataca Forest have been adversely affected by the mining.

The Ministry of the Environment responded the concerns of environmentalists and local communities alike last week when it rescinded a permit allowing gold and copper exploitation by the company Gold Reserve Inc. Meanwhile, another firm called Crystallex International was denied a request to expand its own mining operations. Now that sustainability is the goal, many now believe that Venezuela’s natural wealth will last for a long time to come.

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Last month, Venezuela banned trawling, a method of netting fish that had a devastating affect on marine life. The move to end trawling will help protect fragile fish populations and seabeds. Small fishers are celebrating the decision as a boost to their livelihood.

This is one of many environmental conservation initiatives undertaken in Venezuela in recent years.

The new ban on trawl-fishing comes in the form of an amendment to the 2002 Law of Fisheries, which now prohibits trawling in all commercial waters. It also requires fishers to donate five percent of their catch to state-run nutrition programs that benefit the poor. This draws on the traditional coastal practice of sharing catches with the less fortunate. Read more here.

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