The Daily Journal — Rebuilding the areas devastated by the June 24 earthquakes exceeds the Venezuelan government’s fiscal capacity and will require the country to secure extraordinary sources of financing to cover an investment that could reach $15 billion, economist José Guerra said. The former congressman argued that the deterioration of public finances prevents the […]
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Trained and properly identified volunteers will conduct door-to-door inspections in the areas hardest hit by the earthquakes. By Vanessa Davies The Daily Journal — Like fractured giants. That is how hundreds of buildings in Caracas and La Guaira now stand after the June 24 earthquakes. The Presidential Commission for the Evaluation of Infrastructure Habitability has […]
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The Daily Journal — The devastating twin earthquakes that struck Venezuela on June 24 have immediately reshaped international financial market sentiment. Although the country had achieved a recovery in its sovereign fixed-income securities following the capture of Nicolás Maduro in January, much of that renewed confidence disappeared as the scale of the disaster and uncertainty […]
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The presidential commission led by Francisco Garcés has already inspected approximately 6,000 residential buildings. Beginning July 7, volunteer engineers from the Venezuelan College of Engineers joined the assessment efforts. By Vanessa Davies Three colors have taken on a new meaning in Venezuela since the earthquakes of June 24: green, yellow, and red. The rapid assessments […]
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The Daily Journal.— U.S. President Donald Trump said Venezuela will eventually hold elections, but not in the immediate future because the country’s infrastructure has suffered extensive damage and much of the nation remains in ruins. During an interview with Fox News, Trump said his administration must first lead a national reconstruction effort before Venezuela can […]
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The Daily Journal — Acting President Delcy Rodríguez announced changes to her cabinet and the creation of a high-level body that will oversee and coordinate Venezuela’s national reconstruction effort following the earthquakes that struck the country on June 24. Rodríguez appointed Francisco Garcés as the new Minister of Transportation. She highlighted his technical background, describing […]
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The Daily Journal.— Consecomercio has presented a legislative proposal to support Venezuela’s reconstruction following the earthquakes that affected several regions of the country. The proposal also calls for financial mechanisms and coordinated action between the public and private sectors to address the emergency. In a statement, the business association said it submitted the draft Law […]
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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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The Daily Journal.— Venezuela’s acting president, Delcy Rodríguez, announced Thursday the creation of an initial fund worth $200 million to finance the reconstruction of areas affected by the June 24 earthquakes. She said the government expects to recover those resources through the International Monetary Fund. During a press conference with international media, Rodríguez explained that […]
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The Daily Journal.— Venezuela’s acting president, Delcy Rodríguez, announced Thursday that a specialized technical team from Israel has joined the effort to assess buildings damaged by the earthquakes that struck on June 24. During a press conference with international media, Rodríguez explained that the Jewish community in Venezuela contacted the group, which has already begun […]
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