Posted September 20, 2018 12:31:56The days of the mining job in Venezuela are numbered, and that’s bad news for the country’s mining industry.
A recent report by the International Labor Organization (ILO) suggests that mining in the country has declined to a point where there are no new miners available.
The country’s central bank has even declared a national “miners’ recession.”
To make matters worse, the country is experiencing a severe economic crisis, with inflation running at over 500 percent and shortages of basic necessities.
According to the report, over half of Venezuelans have no savings and are unable to access basic goods like food, water, electricity, and medicine.
This means that most people are dependent on begging and begging for all their basic needs.
To make matters even worse, many people cannot even afford to feed themselves or their children, meaning that there is no one to take care of them.
“In Venezuela, there is a shortage of food, medicine, electricity and other basic goods, and the situation is worsening,” the report says.
“People are living on the edge.
The government is spending money on food, but there is not enough food to feed the population.
The people are not able to afford to purchase essential goods like water and food.
Many are relying on begging.”
The problem is exacerbated by a severe shortage of foreign exchange, which has caused the value of the bolivar to crash by more than 60 percent against the U.S. dollar since late 2016.
It’s also caused a shortage in the production of food that many people rely on for their survival.
In addition, many Venezuelans are not even able to pay for their basic necessities, such as rent or food.
In the country, the poverty rate is at 60 percent, and in many cases, many of the poorest Venezuelans live on less than $2 per day.
“The country is facing a crisis that is beyond any government’s control,” Alex Morales, the executive director of the Center for Economics and Finance Policy (CEFP), told CNN.
“The government cannot control inflation and has to rely on the banks and the banks have taken advantage of the crisis to raise interest rates to a level that they could not afford to pay, which is hurting the economy.”
According to a report by CBN, a Venezuelan news website, the government has tried to keep the situation under control through a series of measures, including increased salaries and the introduction of new regulations, such it increased the minimum wage, increased the number of days allowed to work per week, and introduced a “zero-hours” contract system, which allowed workers to work until 10:00 p.m. on Sundays.
However, the situation has worsened.
While the government is trying to contain the inflation, it’s also restricting access to basic commodities like food and medicine, such the bolívar is currently unavailable for imports and is extremely expensive.
The Venezuelan government is reportedly using a program known as the “Miners’ Emergency Program” to help with the crisis.
Under this program, workers can apply for work permits at the border, but only after spending 60 percent of their pay on basic necessities like rent, electricity bills, and fuel.
Those who don’t get a permit can be imprisoned for up to six months, or face fines and imprisonment for up of seven years.
The program also offers temporary permits, which allow people to work up to eight hours per day, and allow them to earn up to 5,000 bolívares per month.
But the government hasn’t announced if they will be extended to permanent permits, or if the program will be renewed.
“We need a solution to the miners’ crisis,” Morales said.
“We need to be able to buy food, gas, and medicines, but we need to also be able live in dignity and have a life.”
According the International Monetary Fund, Venezuela is experiencing the worst economic crisis in Latin America.
According to the IMF, the current crisis has brought about a drop in the economic output of the country by 4.6 percent.
However this drop is expected to increase as shortages worsen.
“With the country facing a severe crisis, we cannot afford to have a new influx of migrants to fill the gaps created by the current economic crisis,” the IMF said in a statement.