Episode Details

Venezuela’s worst earthquake in over a century struck on June 24, triggering $19.6 billion in direct damage and potentially $50 billion in total recovery costs — a crushing blow for a nation already reeling from poverty and mass emigration. With 76% of citizens living in poverty and reconstruction delayed by economic instability, experts warn recovery could take decades unless massive international investment arrives fast. The World Bank’s rapid assessment, using satellite imagery and on-the-ground reports, is now paving the way for deeper financial planning — but time is running out for Venezuela to rebuild smarter, stronger, and faster.

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