Fabiola Ferrero, 12th edition
In her report, Fabiola Ferrero explores the disappearance of the Venezuelan middle
class. A prosperous democracy in the 1960s-1970s, Venezuela is now struggling to extricate
itself from a deep political and economic crisis that has widened the inequality gap and destroyed the middle class. Mixing archival images, videos and photographs, Fabiola Ferrero
chronicles this vanished economic success and contrasts it with the Venezuela of today.
“My family, friends and later myself left Venezuela, leaving only traces of a long gone promise. I went back to dig into the past to photograph the remains of a lost glory built on oil. This project is a search for a country that existed before collapse.”
Fabiola Ferrero is a journalist and photographer born in Caracas in 1991 and currently based in Bogota (Colombia).
Her personal work is the result of how her childhood memories contrast with nowadays Venezuela, her home country. Using her background in writing and investigative journalism, which she studied in Caracas (UCAB), she develops long term visual projects about South America, and especially Venezuela’s crisis. Her educational background in photography includes the Joop Swart Masterclass 2019 and the Eddie Adams Workshop.
She was a jury member for the World Press Photo 2022 contest South American region and Magnum Foundation Fellow for the Social Justice Program in 2018. Interested in bringing opportunities to other newcomer photographers in the region, Fabiola founded Semillero Migrante, a photography mentorship program around migration. Among her recognitions are the Inge Morath Award, 6Mois Photojournalism Award and the Getty Images Editorial Grant. She was also a finalist for the Alexia Grant, Eugene Smith Memorial Fund and the Leica Oskar Barnack Newcomer Award. As well as developing independent investigations in South America, her work has been featured in TIME, The New York Times, National Geographic, M Magazine, Le Monde, and others.
She is the 12th Carmignac Photojournalism Award laureate.
This Latin American region was once an El Dorado bordered by the Caribbean Sea, which operated under a rich and prosperous democracy in the 1960s-1970s. It still holds the world’s largest oil reserves—ahead of Saudi Arabia—and vast mined resources (including gold, iron, steel, and coltan). Twenty years after the Bolivarian revolution—led by Hugo Chavez and his radical socialist reforms—the country is struggling to extricate itself from a deep economic crisis, marked by the plummeting price of oil, endemic corruption and hyperinflation (3000% in 2020). In under seven years, its GDP has fallen by 80% and importation has been slashed tenfold. In the face of this unrelenting recession, an informal shadow economy is growing. While the results of the latest elections have gone unrecognized by the international community, the power struggle between the ruling Chavista regime under Nicolás Maduro and opposition leader Juan Guaidó is dividing Venezuelan society. These institutional blockages, as well as accusations of electoral fraud or political imprisonment, generate frequent demonstrations and clashes. These tensions, combined with problems of instability, only worsen the living conditions of Venezuelans, over 75% of whom live in extreme poverty and suffer from severe shortages of running water, food and medicine. To date, 5.4 million Venezuelans—one in six inhabitants—live in exile in Colombia, Peru or Ecuador: the most significant migratory crisis in the world behind Syria.
Quentin Bajac, CHAIR
Director, Jeu de Paume
Director of Amnesty International Venezuela
Director of visuals and immersive experiences at National Geographic
Venezuela bureau chief for Bloomberg News
Laureate of the 11th Edition of the Carmignac Photojournalism Award
Associate director of photography at CNN
October 28 - November 22, 2022
Réfectoire des Cordeliers, 15 rue de l’École de Médecine, 75006 Paris
Port de Solférino, 75007 Paris
In collaboration with Ville de Paris.
Price: 35 euros, 45 USD, 58 CAD, 35 GBP
Size: 21 × 28 cm, 160 pages
Contributors: Fabiola Ferrero, 12th laureate of the Carmignac Photojournalism Award,
Milagros Soccoro, journalist and writer
Publishers: Fondation Carmignac and Reliefs Editions