Venezuela quake death toll tops 5,000 as IMF releases recovery funds
Summary
More than 5,000 people died in two strong earthquakes that hit Venezuela on June 24. The country will use $346 million from the International Monetary Fund (IMF) to help rebuild areas damaged by the quakes.Key Facts
- Two earthquakes, measuring 7.2 and 7.5 in magnitude, struck Venezuela within one minute on June 24.
- The coastal state of La Guaira, north of Caracas, was heavily damaged.
- Officials reported 5,069 people killed and 16,740 injured from the earthquakes.
- About 20,000 homeless people are living in crowded camps that often lack water and sanitation.
- Venezuela accessed $346 million from the IMF’s reserve funds to support recovery efforts.
- Venezuela has about $5.1 billion in Special Drawing Rights (SDRs) held by the IMF.
- The IMF and World Bank restarted relations with Venezuela after the U.S. removed Nicolas Maduro in January 2026.
- Relations with these financial institutions had been paused since 2019 due to political issues.
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