Venezuela earthquake damages add up to almost $20 billion, World Bank says
The 24 June Venezuela earthquakes could have resulted in around $19.6 billion (€17.2bn) worth of direct physical damage, according to the World Bank Group. ADVERTISEMENT ADVERTISEMENT This significant number reveals a crucial need for the country to invest in timely and resilient reconstruction, in order for the economy to recover. The findings were highlighted in a Global Rapid Damage Estimation (GRADE), carried out by the World Bank and published on Thursday.
- ▪The 24 June Venezuela earthquakes could have resulted in around $19.6 billion (€17.2bn) worth of direct physical damage, according to the World Bank Group.
- ▪ADVERTISEMENT ADVERTISEMENT This significant number reveals a crucial need for the country to invest in timely and resilient reconstruction, in order for the economy to recover.
- ▪The findings were highlighted in a Global Rapid Damage Estimation (GRADE), carried out by the World Bank and published on Thursday.
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Business Economy Venezuela earthquake damages add up to almost $20 billion, World Bank says Rescue workers and relatives look at the searching to recovery bodies in a collapsed building by the earthquakes in La Guaira, Venezuela, Tuesday, July 21, 2026. - Copyright AP Photo/ Ariana Cubillos Copyright AP Photo/ Ariana Cubillos By Indrabati Lahiri Published on 23/07/2026 - 16:03 GMT+2•Updated 16:05 Share Comments Add Euronews on Google Share Facebook Twitter Flipboard Send Reddit Linkedin Messenger Telegram VK Bluesky Threads Whatsapp Almost a month after the devastating earthquakes, Venezuela has a mammoth task ahead in terms of rebuilding, rehabilitating and mitigating the social and economic damage of the biggest natural disaster in decades.
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