Venezuela exodus takes its toll on Colombian economy

More than a million Venezuelans have been living in Colombia, taking a heavy toll on its public services in border regions.

As per a World Bank report, which praises Colombia’s “open arms” policy and its efforts to register the new arrivals, the crisis has cost the country around $1.2bn this year alone. However, the report, submitted on Friday, says, it could be good for Colombia’s economy in the long run.

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