World Bank estimates Venezuela earthquakes caused $19.6bn in damage
Summary
The World Bank reports that earthquakes in Venezuela in June caused about $19.6 billion in damage, affecting homes, infrastructure, and other buildings. The earthquakes killed around 5,000 people, injured 17,000, and left 18,000 homeless while the country already faces severe economic problems.Key Facts
- Venezuela experienced earthquakes of magnitude 7.2 and 7.5 on June 24.
- The World Bank estimates total physical damage at $19.6 billion.
- Nearly half the damage was to homes (47%), followed by infrastructure (27%) and other buildings (26%).
- About 5,000 people died and 17,000 were injured due to the earthquakes.
- Around 18,000 people are now homeless because of the disaster.
- Before the earthquakes, 76% of Venezuelans lived in poverty due to economic issues and U.S. sanctions.
- The World Bank used satellite images, local data, and reports to calculate damage.
- The U.S. announced over $200 million in aid to the Red Cross for disaster and conflict relief, but not specifically for Venezuela.
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