Could Venezuela’s turmoil create a South American refugee crisis?

Thousands fleeing country as president promises ‘magic formula’ to get country back on track

An opposition demonstrator in Caracas last week
An opposition demonstrator in Caracas
(Image credit: Federico Parra/AFP/Getty Images)

Venezuela’s beleaguered President Nicolas Maduro has carried out one of the greatest currency devaluations in history in a bid stablise the economy and stem the mass exodus which threatens to turn into a full-blow refugee crisis that will engulf the continent.

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Elliott Goat is a freelance writer at The Week Digital. A winner of The Independent's Wyn Harness Award, he has been a journalist for over a decade with a focus on human rights, disinformation and elections. He is co-founder and director of Brussels-based investigative NGO Unhack Democracy, which works to support electoral integrity across Europe. A Winston Churchill Memorial Trust Fellow focusing on unions and the Future of Work, Elliott is a founding member of the RSA's Good Work Guild and a contributor to the International State Crime Initiative, an interdisciplinary forum for research, reportage and training on state violence and corruption.