Wire flash
OtherWorld Bank: Twin earthquakes in Venezuela in June 2026 caused approx US$19.6B in physical damage
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
The World Bank estimates that twin earthquakes which struck Venezuela in June 2026 caused approximately US$19.6 billion in physical damage. The earthquakes affected more than 900 schools across nine states and 38 hospitals. Almost half of the total costs stem from damage to residential buildings. The report was published by The Business Times Singapore on July 23, 2026, citing a World Bank assessment. The significant damage to critical infrastructure, including schools and hospitals, highlights the severe impact on Venezuela's already struggling economy and public services.
Source report
More than 900 schools across nine states and 38 hospitals affected
Published: Thu, Jul 23, 2026 · 11:20 PM
CARACAS — The twin earthquakes that struck Venezuela last month may have caused US$19.6 billion in physical damage, according to a new assessment by the World Bank.
The estimate places the total cost of destruction at nearly US$20 billion, with significant impacts on public infrastructure across the country.
Key Findings
- Residential buildings account for almost half of the total damage costs.
- More than 900 schools across nine states were affected.
- At least 38 hospitals sustained damage in the quakes.
The World Bank's assessment underscores the severe toll the seismic events have taken on Venezuela's already strained infrastructure, with widespread damage to housing, education, and healthcare facilities.
Source
The Business TimesNeutral / independent
Part of this Story
World Bank estimates quakes cost Venezuela US$20 billion in damage