The World Bank estimates that Venezuela’s earthquakes caused $19.6 billion in damage Earthquake news

The report says that 47 percent of the physical damage from a pair of earthquakes affected residential buildings.

Published on July 23, 2026 – July 23, 2026

Strong earthquakes that struck Venezuela in late June caused an estimated $19.6 billion in material damage, the World Bank said, highlighting the difficult path the country faces toward recovery.

The World Bank said in a statement on Thursday that 47 percent of the damage occurred in residential buildings, while 27 percent affected infrastructure and 26 percent affected non-residential buildings.

3-Item Recommended Stories ListEnd of List

“The earthquakes have disrupted people’s lives, damaged critical infrastructure, and created new challenges for Venezuela’s recovery,” Susana Cordero Guerra, World Bank vice president for Latin America and the Caribbean, said in a statement. “Effective recovery begins with reliable evidence.”

Government authorities estimated that the magnitude 7.2 and 7.5 earthquakes that struck Venezuela on June 24 killed at least 5,000 people and injured nearly 17,000 others. An additional 18,000 people remain homeless, as the country struggles to recover from the devastation amid continuing economic hardship.

Even before the disaster, the World Bank estimated that 76% of Venezuela’s population, suffering from years of economic mismanagement and crushing US sanctions, lived in poverty.

“Without additional timely investments, the negative impact on productive capacity and living standards will slow the road to recovery,” Cordero Guerra said.

The World Bank says its estimates are intended to provide the Venezuelan government and those hoping to help with recovery efforts with data on the scale of the challenges ahead.

The report, conducted using the Global Rapid Damage Estimation (GRADE), says areas of La Guaira State and Distrito Capital were most affected. The estimate is based on local seismic data, remote seismic models, satellite images, and damage reports issued by government and humanitarian groups.

While countries around the world have pledged support for Venezuela, it remains unclear where money for recovery could come from.

The United States, which has exercised significant control over Venezuelan affairs since the country’s former leader, Nicolas Maduro, was kidnapped in a military raid in January, announced Thursday that it would give more than $200 million to the Red Cross to help people affected by conflict and natural disasters.

“Today’s contributions support organizations that respond quickly when disasters strike, provide unparalleled access to people in need in conflict settings, and leverage pre-existing infrastructure around the world for disaster response and humanitarian response,” the diplomatic mission said in a statement.

This money does not appear to be specifically targeting Venezuela.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos