Venezuela faces US$6.7 billion in economic losses from earthquakes, UNDP estimates

The earthquakes that struck Venezuela on 24 June caused significant human suffering and loss of life, while also severely affecting livelihoods, infrastructure, and essential services. This includes a preliminary estimate of $6.7 billion in direct physical damage, equivalent to around 6% of GDP, according to a satellite-based Rapid Digital Assessment (RAPIDA) by the United Nations Development Programme (UNDP). While the economic impact is substantial, the greatest loss is borne by the people and communities. Read  More

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