Venezuela earthquake damages add up to almost $20 billion, World Bank says
The lender said housing accounts for nearly half the losses and warned rebuilding could take more than a decade without new financing.
- The World Bank estimated that the June 24 earthquakes in Venezuela caused approximately $19.6 billion in direct physical damage, based on satellite imagery and ground reports assessing severe destruction across residential buildings and infrastructure.
- Two powerful earthquakes measuring magnitudes 7.2 and 7.5 struck north-central Venezuela in quick succession on June 24, 2026, flattening buildings and disrupting critical infrastructure in La Guaira and Distrito Capital.
- Residential buildings sustained 47% of total damage, while infrastructure and non-residential structures accounted for 27% and 26% respectively. La Guaira and Distrito Capital alone bore nearly half the nation's destruction.
- Total rebuilding needs could reach $50 billion, affecting 23,000 homeless residents; Acting President Delcy Rodríguez pledged 4,000 homes by year's end, though significant fiscal constraints limit the government's response capacity.
- Without accelerated public and private investment, reconstruction could exceed a decade, potentially adding 8.1 percentage points to Venezuela's debt-to-GDP ratio by 2036. Experts stress rapid mobilization is critical to avoid prolonged economic stagnation.
136 Articles
136 Articles
Cumhuriyet
gazetepencere.comThe World Bank Group estimated that the earthquakes that struck Venezuela on June 24 caused $19.6 billion in direct physical damage.
Convoy of Hope Reveals Devastation After Venezuela Earthquake
Ethan Forhetz, National Spokesman and Vice President of Public Engagement for Convoy of Hope, joins Real America with Dan Ball to discuss the devastating aftermath of the earthquake in Venezuela. Forhetz shares what he witnessed on the ground, including destroyed buildings, displaced families living in tents, and the urgent need for food, water, shelter, and...
How much will it take to rebuild Venezuela after the earthquakes?
Estimating the economic cost of a reconstruction shaped by massive financing needs and economic fragilityOriginally published on Global VoicesCollapsed building in Tanaguarena, one of the most impacted areas in La Guaira, Ground Zero of the disaster. Photo by Gabriela Mesones Rojo, 2026; used with permission. Three weeks after the twin earthquakes struck Venezuela’s coastal region, the official death toll has risen to nearly 5,000, while close t…
Experts claim that reconstruction will require between $12,000 and $15 billion, a "very significant" figure for a country with a GDP of $110 billion.
Los Angeles Times
Independent EspañolA month after the two devastating earthquakes that struck Venezuela on June 24, relatives still dig their loved ones under the rubble, while uncertainty reigns among many in the face of difficulties in starting home repair.
GEM relief efforts in Doral continue for Venezuela one month after deadly earthquakes - WSVN 7News | Miami News, Weather, Sports
Volunteers in South Florida continue working on their mission to help victims of the devastating earthquakes in Venezuela. Inside of the Global Empowerment Mission warehouse...
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