PRAYER ALERT on Venezuela scarcity. From IPMI Monthly Global Prayer Teleconference. Street gangs and organized crime run rampant in Venezuela. It now ranks as one of the deadliest countries in the world last year, according to the U.S. State Department’s Overseas Security Advisory Council. The think tank Observatory of Venezuelan Violence said homicides were at 90 per 100,000 people. This matches other Latin-American countries plagued by killings. The U.S.’s homicide rate is about 5 per 100,000. (Source: NBC News, Venezuela in Crisis: 5 Reasons Why This Oil-Rich Nation Is on the Brink of Collapse, October 29, 2016.)
A poll released in August 2016 documented Venezuela scarcity. More Consulting found that 55.8% of Venezuela’s population eats less than three times a day. 72.1% can’t follow a balanced eating regimen. This latter equals 21 million people.
Why is Venezuela in Crisis?
- “The main features are the following. Runaway inflation, which government sources unofficially put at 370 percent for the past 12 months. The IMF estimates it will top 700 percent for 2016.”
- “Multiple years of low and negative economic growth. The IMF counted it as 1.3 percent in 2013, -3.9 percent in 2014, -5.7 percent in 2015, and an estimated -10.1 percent in 2016. The Economic Commission on Latin America and the Caribbean forecasts -8.0 percent growth in 2016.”
- “A 40 percent drop in imports this year, and a 60 percent drop since 2012.”
- “Chronic Venezuela scarcity includes food, basic goods, and medicines, with an estimated 80 percent scarcity index. A 40 percent drop in oil-export income in 2015 exacerbates an already acute shortage of dollars.”
- “High levels of corruption in the public and private sectors. This causes a massive leakage of public revenue, purportedly reaching hundreds of billions of US dollars.”
- “Growing anxieties among the population. With further Venezuela scarcity, the population worries about how they will meet daily survival needs as well as about the future of the country.”
- “A mounting political crisis is marked by widespread rejection of the government, but no significant increase in support for the opposition. Over 50 percent of the population identifies with neither the government nor the opposition.”
(Source: The Nation, Why is Venezuela in Crisis? August 2016.)
PRAY WITH US.
1. For the Christian community across Venezuela as the people of God to seize the opportunity created by the economic and social crisis affecting Venezuela. We must seek the spiritual welfare of the nation through united prayer and fasting, mass evangelism and social action.
2. For the poor, hungry and suffering masses of Venezuela that have become disillusioned by the failing political and economic system of socialism. Pray that they turn to God and to find new hope in the Gospel of Jesus Christ.
3. For the government of Venezuela to receive God’s wisdom to take the necessary steps to pursue political and economic reforms. They must lead to eradication of corruption, reduction in the high levels of poverty, hunger, and crime and violence affecting the nation.
DailyInsight. Prosperity gives you more opportunity to sin. Poverty forces you to seek a greater power (see Mt. 5:3).
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