Government announces emergency mortgage program with subsidies of up to 80%

The Daily Journal — Acting President Delcy Rodríguez announced the launch of an emergency mortgage program as part of a broader package of economic measures to address the aftermath of the June 24 earthquakes. The program will provide subsidies covering up to 80% of eligible financing. Rodríguez said the government will implement the initiative in […]

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Delcy Rodríguez says 80% of buildings that collapsed in the earthquakes were privately developed

The Daily Journal.— During an international press conference, a Mexican journalist asked Venezuelan authorities about allegations of structural deficiencies in homes delivered under housing programs launched during the administration of former president Hugo Chávez following the damage caused by the June 24 earthquakes. The reporter cited testimonies from residents of a housing complex who claimed […]

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Economic reality is another earthquake: Venezuela’s reconstruction requires coordination, not a state monopoly

The Daily Journal — Economist Asdrúbal Oliveros has brought a sobering reality to the forefront, one that forces the country to look beyond the physical destruction and the undeniable human tragedy. The recent earthquake has carved a deep crack into Venezuela’s already fragile financial structure. According to the analyst’s preliminary estimates, the material losses are […]

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