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๐Ÿ‡ป๐Ÿ‡ช Venezuela /Economy & Trade

La Guaira's economy sinks after commercial sector paralysis

From El Nacional · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • The Venezuelan state of La Guaira is struggling to recover economically after experiencing two earthquakes that damaged its infrastructure and disrupted its commercial sectors.
  • Fishermen like Fernando Magรญs report a drastic drop in sales, unable to sell their catch due to the collapse of the supply chain connecting them to buyers and tourists.
  • Damaged buildings, closed businesses, and uncertainty about the future characterize the coastal areas, forcing residents to find alternative ways to subsist.

Fernando Magรญs, a fisherman in Playa Verde, La Guaira, recalls a time when his daily catch of snapper and grouper found ready buyers. Now, the calls are few, and the once-vibrant coastal economy lies fractured.

Two earthquakes on a June Wednesday shattered the region, not only damaging homes but also severing the economic ties that sustained communities like Magรญs's. The chain from fisherman to restaurant, to tourist, and back to the wider economy is broken. "Before, I could sell 150 kilos during the week. Today, I don't sell even one," Magรญs states, his voice reflecting the grim reality.

Before, I could sell 150 kilos during the week. Today, I don't sell even one.

โ€” Fernando MagรญsA fisherman describing the drastic drop in sales following the earthquakes.

Magรญs and 29 other fishermen in the area have partially resumed their work, but the lack of buyers dampens their efforts. The sight of damaged buildings and closed businesses along Playa Grande serves as a constant reminder of the uncertain future. While Magรญs tries to earn a living by selling his specially prepared tuna wheels for six dollars a portion, it's a far cry from the income generated by fishing.

Residents, like those seen waiting for rides under tilted buildings, are determined to survive despite the risks. The economic impact extends beyond lost sales, affecting employees, families, and the return of tourists. The once-thriving coastal entity, which relied on its movement and commerce, now grapples with a profound and uncertain paralysis.

I come every day, even if I don't sell anything.

โ€” Fernando MagรญsA fisherman explaining his continued presence despite the lack of customers.
DistantNews Editorial

Originally published by El Nacional in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.