World Bank report reveals that 85% of Venezuelans in Chile do not want to return to their country

World Bank report reveals that 85% of Venezuelans in Chile do not want to return to their country
World Bank report reveals that 85% of Venezuelans in Chile do not want to return to their country

“Can migration benefit Chile?” This is the title of a study prepared by the World Bank in which they expose the country’s “challenges and opportunities” in this matter. “Migration is a global and regional phenomenon, whose impact depends on the public policy adopted by countries and citizen support,” they say at the beginning of the report.

In it, it is said that Chile receives mixed migration flows, since it welcomes population in human mobility along the entire spectrum of motivations described in the 2023 World Development Report: economic migrants, refugees and mixed movements, with economic and protection needs. “Unlike economic migrants, the population fleeing economic, political and social crises will arrive, regardless of the country’s preference for welcoming them,” they explain.

In that sense, Chile receives 532 thousand Venezuelan migrants, and almost 1.1 million of other nationalities. To compare, Colombia receives 2.9 million Venezuelans, Peru 1.5 million and Ecuador 475 thousand.

What is striking about the report is that of all the Venezuelans who arrive, 85% of migrants want to stay in Chile and you do not return to your homeland, headed by Nicolás Maduro.

On average across all migrant nationalities, 20.3% are under 25 years old and 32.4% are between 25 and 34 years old.

Positive factors

Among the positive factors identified by the World Bank on migration, they indicate that “Chile has the possibility of adapting its policies to take advantage of the benefits of migration, as neighboring countries have done.” In this context, three benefits stand out: Demographic bonus, Macroeconomic impact and Fiscal impact.

The first is when “the working-age population is greater than the dependent population (children and older adults), creating a favorable scenario for economic growth.” The second, meanwhile, refers to the “consequences that a change in the circumstances of a given country has on the main macroeconomic indicators: GDP, consumption, public debt, fiscal deficit, etc.” Finally, the third is the “consequences that a change in a country’s circumstances has on fiscal revenues (direct and indirect taxes) and fiscal costs (education, health, social services, subsidies, etc.)”.

Regarding the demographic bonus, they say that the migrants who arrive in the country “are at the beginning of their working life: 40% are between 20 and 34 years old” and that they have a “very active participation in the labor market: Their participation rate is 80 .8% compared to 59.4% of Chileans. Some nationalities participate more than average.”

They also highlight that “they demand less costs of social protection: The fiscal sustainability rate of migrants is higher than that of Chileans (for each peso of benefit they receive, they pay more taxes).”

Finally, they say that they have “educational levels similar to or higher than the Chilean average: The percentage of Venezuelan migrants with higher education doubles that of Chileans” and that they have “professions and experience in areas in which Chile has a deficit: almost 400 thousand with an education degree superior”.

World Bank Recommendations

In the final part of the report, the World Bank provides a series of recommendations for “a comprehensive migration policy.” First, for an institutional framework for migration management, they ask for the strengthening of the Interministerial Council on Migration Policy and good information management for decision-making. They also recommend transversal policies of high strategic value, such as biometric registration and definition of immigration status.

They also advocate for attention in the territories, to promote coexistence and economic and social inclusion, complementary support to the receiving population, such as compensation to groups that have been negatively affected by migration; complementary attention to the most vulnerable migrant population groups, and mobilization policies, taking advantage of international cooperation and dynamics of collective action.

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