Oil for Venezuela Foundation
Oil for Venezuela, Inc., is a non-profit organization, registered in the State of New York, that operates as a think-tank that develops sustainable mechanisms to address and prevent the deepening of Venezuela’s humanitarian crisis. Our work is focused on initiatives that allow for the nation to use the resources from its oil wealth to face the most urgent problems affecting Venezuelans today.
The organization began as an initiative to analyze and divulge the proposal of a Humanitarian Oil Agreement for Venezuela. This program is inspired on prior international experiences and follows the recommendations of international commissions to improve its design and prevent risks related to similar schemes. Oil for Venezuela is based on preexisting knowledge to generate innovative and self-supporting mechanisms to face the humanitarian crisis under four major principles:
Our initiatives aim to be outside government control and governed by the strict parameters of impartiality that normally characterize successful international aid organizations in other parts of the world. One of the targets of this program is to assure that the distribution of goods to recipients is depoliticized and does not serve as an instrument of political domination.
Corruption in the management of funds is one of the largest risks in the design of a humanitarian aid program. In this sense, the mistakes of the past are the best teachers. Our initiatives will be protected through regulation including several levels of oversight to prevent that resources destined to recipients get redirected by unscrupulous hands.
Is a key factor that rules our initiative’s insights. In structural crises such as Venezuela’s, isolated strategies not only fail to achieve their goals, but are also hampered by limited resources. Our initiatives seek to design mechanisms that place the wealth of Venezuela at the service of its most vulnerable population for as long as it takes for the political conflict that hampers growth and impedes stabilization of the economy.
Although the implementation of some humanitarian schemes requires political agreements, our foundation, as well as the initiatives it promotes, is not affiliated and does not respond to the interests of any political party or movement, inside Venezuela or abroad.