Venezuela is Falling Back Into ‘Extreme Poverty,’ Archbishop Says
A recent report from the Venezuelan Economic Finance Observatory reported that the annualized inflation rate in the country was 440%.
A recent report from the Venezuelan Economic Finance Observatory reported that the annualized inflation rate in the country was 440%.
The Venezuelan cardinal stressed the importance of recovering a “minimum of confidence” so there can be foreign investment in Venezuela, because at this time there is no guaranteed proper application of the law, “and logically who would come at their own risk.”
Priests are going hungry and religious communities have been leaving the country, but leaders say crisis is an opportunity to return to the core of the Gospel.
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