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20th anniversary celebration of FIEDS – Italo – Ecuadorian Fund for Sustainable Development: an innovative and exemplary financing development strategy

FIEDS – Italo – Ecuadorian Fund for Sustainable Development, celebrated 20 years of its debt swap between Ecuador and Italy, this mechanism represents a strategic tool that allows financing of development projects, making it possible to transform the lives of even more vulnerable people.

In commemoration of the 20th anniversary, FIEDS held an event last Wednesday, March 29. The celebration brought together officials from the Italian government, federal and provincial Ecuadorian government, United Nations, and key Ecuadorian universities, as well as beneficiaries from all over Ecuador, who have been participants and witnesses of the projects’ excellence.

We Are All Migrants

Since 2016, more than 6 million people have fled Venezuela. About 5 million of them have found refuge in other countries of Latin America. The country’s oppressive political climate and worsening economic conditions has made the Venezuelan crisis one of the largest migration events in modern history.
Amid the crisis, AVSI has stepped up its work with refugees and migrants in the region, leveraging the little money available to create pathways for long-term integration and development for Venezuelans in host countries. Through the project Integrados, funded by the US Department of State Bureau of Population, Refugees and Migration, AVSI provides legal protection, housing, and livelihoods assistance for Venezuelan refugees and migrants in three regions of Ecuador: Pichincha, Manabi, and El Oro.