European UnionThe World Bank Group estimates that the earthquakes in Venezuela on June 24 caused direct physical damage amounting to nearly $19.6 billion (€17.2 billion). The assessment, conducted using the Global Rapid Damage Estimation (GRADE) methodology, highlights the urgent need for resilient reconstruction to support economic recovery. The majority of the damage affected residential buildings, with La Guaira state and the Distrito Capital experiencing the highest levels of destruction. The report emphasizes that the speed of reconstruction will significantly influence the country’s ability to recover economically and socially. It also notes that current investment levels may require reallocating resources from other projects to prioritize rebuilding, potentially extending the recovery process beyond a decade.
Bias read (Center): The article presents factual information based on a World Bank assessment without overtly promoting any political agenda. While the subject matter relates to national disaster management and economic policy, the framing remains neutral, focusing on technical assessments and recommendations rather on
