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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