public investment Archives - The Daily Journal

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% […]

Reconstruction exceeds Venezuela’s fiscal capacity, José Guerra warns

July 11, 2026July 11, 2026Tatiana Da GamaLeave a Comment

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 […]