World In Progress: Facing The Crisis

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Manage episode 231520670 series 1451480
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Venezuelas economic collapse impacts people once booming oil town of Maracaibo -- People in Egypt are struggeling to make ends meet -- How one woman brought jobs (and a tasty bite) to a refugee camp in the Western Sahara desert. Price hikes in Egypt Electricity, water, meat – almost everything has become more expensive in Egypt. Prices skyrocketed after the government floated the Egyptian pound currency in 2016 and slashed subsidies to meet the terms of an emergency loan deal with the International Monetary Fund. Since then the state's budget has stabilized somewhat, but many Egyptians are still struggling to make ends meet. Anne Allmeling's report is presented by Natalie Muller. (Anne Allmeling) Maracaibo and the collapse of Venezuela's oil industry Venezuela is suffering from an economic collapse of historic proportions. The country was once the richest in South America thanks to a booming oil industry. But today, the state oil company's facilities are rotting. At Maracaibo Lake – an inlet of the Carribean sea that holds some of the largest crude oil reserves in the world - 900,000 barrels of oil were once produced per day – but operations have come to an almost complete standstill, with drilling facilities falling into disrepair. In Maracaibo city people are struggleing to survive. (Anne-Katrin Mellmann/ Ineke Mules) Pizza in the Desert In the Western Sahara, tens of thousands of refugees have been living in camps for more than four decades. They hope to one day return to a homeland now claimed by Morocco. Jobs there are hard to come by, especially for women. But one enterprising young woman has created a unique business: a pizzeria in the desert that not only feeds people, but also offers employment to other women. (Stefan Schaaf)

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