World Bank estimates Venezuela quakes caused US$19.6b in damage
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CARACAS, Venezuela (AFP) — Twin earthquakes that devastated Venezuela last month caused at least US$19.6 billion in direct physical damage, the World Bank said in an estimate Thursday, stressing the need for a rapid increase in public reconstruction funding to avoid lasting economic effects.
At least 5,398 people were killed in the June 24 earthquakes, with hundreds of buildings destroyed, particularly in the hardest-hit state of La Guaira in the country’s coastal north.
At least 16,740 people were injured, and unofficial estimates put the number still missing in the thousands. The United Nations estimates more than a million people are in need of immediate humanitarian aid.
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