Teresa Burelli
20 Oct 2022
Current news
Of the 20 million people who fell into poverty in Latin America, only 7 million have managed to escape their predicament
The latest figures from the BBVA Microfinance Foundation (BBVAMF)’s Research team estimate that extreme poverty in Latin America has increased in the last few years because of the pandemic and recently, as a result of the war in Ukraine and the state of the global economy, among other reasons. To such an extent that currently, of every 100 poor people, 42 are in extreme poverty, that is, they cannot cover their basic needs, including food.
20 Jun 2022
Immigrants
Refugees, displaced persons and migrants: what do the 100 million people fleeing their homes have in common?
For the first time in history, the number of displaced people around the world exceeds 100 million, according to the latest UNHCR data. In Ukraine alone, eight million people have fled since February. To put it into perspective, if a country were formed with all of them, it would rank as the fourteenth most populous on the planet as they are equivalent to more than 1% of the world's population. This figure includes refugees and asylum seekers, as well as the 53.2 million people displaced by conflicts within their own countries. Many of them flee with little and have to start from scratch, sometimes from an even more vulnerable situation. Their settlement and success in the country of settlement depends very much on their legal status because displaced, migrant and refugee are not synonymous.
26 May 2022
Video
BBVA projects
Digital skills training boost profits and sales for migrants and displaced communities’ in Colombia
Andrés Hernández and his wife Carolina left their life in Venezuela in search of safety and economic stability. Like them, almost 7 million Venezuelans have had to abandon the country and are obligated to accept jobs for which they are overqualified, due to their lack of resources or lack of documentation. This was Andres’ reality when he arrived in Colombia. He drove taxis, worked in a nightclub and even joined a mariachi band. Four years later, the couple was able to start a business,“Tu Refuerzo Escolar”, a support center for students.
22 Apr 2022
Video
At an altitude of 3,812 meters, Lake Titicaca is not only the highest navigable lake in the world but also, according to magical Inca legends, the origin of Mother Earth, its first inhabitants, the sun and the moon. On the 52nd anniversary of International Earth Day, under the motto "invest in our planet", the great Titicaca is in a critical moment due to pollution and climate change.
12 Mar 2021
Microfinance Foundation
BBVA Microfinance Foundation, largest global contributor to gender equality initiatives
Sandra Ceballos is a single mother who besides tending to the needs of her four children, also takes care of the environment through her recycling business. Jessica Quipainao, also the primary breadwinner in her household, preserves her Mapuche heritage by making jewelry. Johana Jurado sells garments to leave a legacy for her daughter, and therefore strives to keep this small business afloat. They are just three of the 1.5 million women entrepreneurs across five Latin American countries that are thriving with help from the BBVA Microfinance Foundation (BBVAMF). Thanks to this work and its development finance initiatives, the Foundation is the top contributor to gender equality, according to the latest report by the Organisation for Economic Cooperation and Development (OECD).
04 Mar 2021
Microfinance Foundation
Women and health: the privilege of having a microinsurance policy in Latin America
The many manifestations of COVID-19 have made us susceptible to associating any of its wide-ranging symptoms to the virus and we forget that other conditions still exist and need to be tended to. More worrisome is the fact that globally, public health measures to control the pandemic, including mobility restrictions and prioritization of COVID-19 treatment, coupled with the economic crisis that is producing an increase in poverty, has made it even more challenging for low-income patients to access treatment in a timely manner. In Latin America, according to Pfizer, the number of medical consultations and oncological visits nearly halved. Moreover, in the region, having medical coverage and access to basic health care is limited to very few people.
30 Jun 2020
Microfinance Foundation
From an agricultural engineer to a reinvented man: a Venezuelan migrant’s challenge
An agricultural engineer, a painter, a baker, a shoemaker, Jorge Domínguez is a modern day “Renaissance Man.” He is also a 63 year old Venezuelan migrant in Pamplona, Colombia that fled his country three years ago in search of a better life for his family.
23 Mar 2020
2020 is a crucial year for women and girls, everywhere. We celebrate the twenty-fifth anniversary of the Fourth World Conference on Women and adoption of the Beijing Declaration and Platform for Action. It also marks the five-year milestone of the adoption of the Sustainable Development Goals. This year’s 64th Commission on the Status of Women (CSW) was deemed to be the big commemoration and opportunity to reaffirm these mandates. There are still significant and pervasive gender gaps in the economic and political participation of women all over the world. Progress is sluggish and if we are serious about achieving the 2030 Agenda we must step up the pace.
18 Dec 2019
They are both refugees. Einstein, considered one of the greatest geniuses in history, fled Nazi occupied Germany to the United States in 1933 after his civil liberties were revoked and he was barred from his professorship for being an outspoken opponent of the government. Fortunately, Princeton University recognized his intelligence and offered him a job. A fortuitous event that changed his life and ours, yet for many refugees today, such opportunities are scarce.