economic losses Archives - The Daily Journal

Material losses from Colombia earthquake reach $9.589 billion

August 19, 2026August 19, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Material losses from the magnitude 7.4 earthquake that struck southwestern and central Colombia have reached a preliminary estimate of 30 trillion pesos (about $9.589 billion), Colombian President Abelardo De La Espriella said. During a televised address on Monday, the president presented an initial assessment of the earthquake’s economic impact, which struck a […]

World Bank estimates earthquake damage at $19.579 billion

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — A preliminary rapid damage assessment released Thursday by the World Bank estimates that the June 24, 2026 earthquakes caused $19.579 billion in direct damage to physical assets across Venezuela. The report, Global Rapid Post-Disaster Damage Estimation (GRADE) Report: Venezuela Earthquakes – June 24, 2026, states that the disaster destroyed approximately 1.39% […]