Venezuela city faces $37 billion in damages after earthquake

The two earthquakes that struck the Venezuelan coast with magnitudes of 7.2 and 7.5 on June 24th resulted in the deaths of over 4,000 people and injuries to approximately 17,000. The disasters also caused widespread destruction of infrastructure and economic losses estimated at around $37 billion. The damage led to the suspension of many commercial activities, job losses, and the absence of services in the city. Some facilities were looted and set on fire. However, some recovery efforts are gradually underway, and reconstruction is considered essential to stimulate economic activity and restore normal life in the area.

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