The Daily Journal.- Venezuela will need an estimated US$21 billion to recover from the earthquakes that struck the country on June 24, according to the Post-Disaster Needs Assessment (PDNA) that the United Nations Development Program (UNDP) presented Tuesday in Caracas. The amount covers “measures to build back better, ensure resilience and reduce risk conditions,” UNDP […]
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The Daily Journal.- The Venezuelan government has delivered 528 homes to people affected by the earthquakes that struck on June 24, representing 13.2% of the 4,000 housing units that Delcy Rodríguez’s administration pledged to deliver before the end of 2026. State-run television channel Venezolana de Televisión (VTV) reported the figure on Wednesday during a broadcast […]
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The Daily Journal. — Economist Francisco Rodríguez questioned the financial structure of the agreement signed with the United States to develop 17 Venezuelan oil fields. He warned that, based on the terms publicly presented so far, Venezuela would hand over strategic assets and supply crude oil under preferential terms without receiving guarantees in return. In […]
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The Daily Journal.- The two powerful earthquakes that struck several regions of Venezuela on June 24 caused structural damage to homes, buildings and public spaces. Caracas, one of the hardest-hit cities after La Guaira, woke up to cracked walls and ceilings and buckled floors. More than two months after the earthquakes, thousands of families still […]
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The Daily Journal.- The Venezuelan government has allocated 335 new homes to families affected by the June 24 earthquakes, representing 8.4% of the 4,000 homes that Delcy Rodríguez’s administration has pledged to deliver before the end of 2026. “We have delivered 335 new homes, benefiting 1,172 people, and restored 1,001 homes, benefiting 3,503 people,” Rodríguez […]
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The Daily Journal – Removing the debris left by the two powerful earthquakes that struck Venezuela two months ago could take approximately one year, according to estimates from specialists and the government headed by Delcy Rodríguez. Meanwhile, authorities have yet to begin housing reconstruction formally, and thousands of people who lost their homes remain in […]
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The Daily Journal.- The United States delivered 20 remotely operated heavy machines to Venezuela to speed up the removal of debris left by the June 24 earthquakes, according to John Barrett, Chargé d’Affaires at the U.S. Embassy in Caracas. The United States coordinated the delivery with U.S.-based TFI Solutions. The machines will operate in hard-to-reach […]
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The Daily Journal.- Oxford Economics cut its 2026 growth forecast for Venezuela by two percentage points to 6.3% after factoring in the impact of the June 24 earthquakes, Bloomberg reported. The firm also made a more modest adjustment to its 2027 forecast. It now expects the economy to grow 15.5%, one-tenth of a percentage point […]
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The Daily Journal.- The two earthquakes that struck on June 24 caused an estimated $6.7 billion in direct damage, according to the United Nations Development Program (UNDP), which warns that the main economic indicators do not fully capture the scale of the losses to assets and property. The estimate appears in the report Venezuela’s Macroeconomic […]
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The Daily Journal – Venezuelan Foreign Minister Félix Plasencia and his Spanish counterpart, José Manuel Albares, spoke by phone on Sunday. The conversation focused on bilateral issues and potential areas of cooperation as Venezuela moves through its reconstruction phase following the June 24 earthquakes. “Today I held a cordial and productive call with Spain’s Minister […]
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