On Wednesday, during the 44th General Assembly of the Organization of American States (OAS), Venezuela’s Foreign Minister Elías Jaua highlighted his country’s achievements since the beginning of the Bolivarian Revolution in 1999, when President Hugo Chávez came into office
“In 1999, when Commander Hugo Chávez first assumed the Presidency of the Republic, of so-called Saudi Venezuela, called by that name because of its vast oil income, it was the country with the highest social inequality in Latin America and the Caribbean,” Jaua said in Asuncion, Paraguay, where the General Assembly is being held.
The Foreign Minister explained that through the implementation of social programs and after 15 years of Bolivarian and socialist revolution, Venezuela now has the most equality in the region and is second highest in purchasing power according to World Bank figures.
He indicated that the democratization of oil incomes, which during prior administrations remained in the hands of the Venezuelan elite, contributed to an improvement in the well-being of the people and is leading to development and the elimination of poverty.
Venezuela has reduced poverty from 26% to 6% by 2012, thereby meeting the United Nation’s millennium development goal.
The country has also managed to reduce hunger, from 21% to 2.5% in 2012, which led the Food and Agriculture Organization (FAO) of the UN to recognize Venezuela for being among a group of 15 nations that have made exception progress in reducing the prevalence of undernourishment.
AVN / Prensa – Venezuelan Embassy in the US / June 4, 2014