Tag Archives: hyperinflation

Hunger Relief Funds Sent to Venezuela

“Christ Loves You” bags for Venezuela.

Venezuela has been experiencing a severe economic crisis since 2014. Hyperinflation is out of control, and regular minimum wage hikes have not kept up with the rising costs of food. It is reported that inflation is approaching 1 million percent annually! For example, in December a bag of sugar cost 500 bolivares soberanos. In the same bag of sugar in January cost 5,000 bolivares soberanos. Continue reading

Serving Hope in Venezuela

Serving food – and hope – in Venezuela.

By Jason and Abby Torgeson

One of the countries of our region that has been making the news lately is Venezuela, and it’s a country that is particularly close to our family’s heart. Abby’s sister Emily studied in Caracas for a year and a half in 2003–04, and Abby had the opportunity to spend a month there in her first real overseas Spanish-immersion experience. Both were struck by the country’s tremendous beauty and rich culture. While the rumblings of discontent were evident even then, it’s been impossible to wrap our minds around the crisis that has exploded there over the past few years. Continue reading