IMF provides $340 million in reconstruction assistance to Venezuela

According to National Assembly Speaker Jorge Rodriguez, 5,069 people have died in the earthquake so far.

Shrawn 2, 2083

Agency

IMF provides $340 million in reconstruction assistance to Venezuela

We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:

This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.

The death toll from two powerful earthquakes that struck Venezuela last month has passed 5,000. The International Monetary Fund (IMF) has provided $346 million for reconstruction efforts, officials said Saturday. The coastal state of La Guaira, north of the capital Caracas, was hit hardest by two earthquakes measuring 7.2 and 7.5 on the Richter scale on June 24, within a minute of each other. The National Assembly speaker, Jorge Rodriguez, said the quakes had killed 5,069 people, most of them residents of the coastal region. The number of people injured in the disaster has reached 16,740. However, most of the injured have been discharged from hospital, officials said. Interim President Delcy Rodriguez said the IMF had provided $346 million for post-quake reconstruction.

IMF Managing Director Kristalina Georgieva confirmed the release of the funds, saying it would help Venezuela use its own reserve tranche to address immediate humanitarian needs.

Venezuela currently has about $5.1 billion in special drawing rights (SDRs) with the IMF. The use of these resources had previously been suspended when Nicolas Maduro was not recognized as president.

The IMF and World Bank resumed cooperation with Venezuela in April after Nicolas Maduro was ousted in January this year. Relations with these institutions had been suspended since 2019. The earthquake has left about 20,000 people homeless.

They are currently living in makeshift camps, where it is said there is no adequate water and sanitation.

Agency

Link copied successfully