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[INTERNATIONAL] · Venezuela · 20 sources

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Venezuela faces humanitarian and economic crisis after twin earthquakes

Fifty days after the twin earthquakes of June 24, Venezuela continues to face a severe humanitarian and economic crisis. The seismic events, measuring magnitudes of 7.2 and 7.5, resulted in 6,300 deaths and 16,740 injuries. At least 1,300 people remain missing, and approximately 300,000 individuals have been displaced. Nearly 18,000 people lost their homes, with many families currently residing in 107 government-installed transition camps housing over 24,000 people.

Humanitarian organizations are providing essential aid. The World Food Programme is supplying two hot meals daily to those in transition camps, while Caritas Venezuela has distributed 22,391 tons of food and hygiene kits to over 26,000 families. However, survivors in regions like La Guaira and Caraballeda report feelings of abandonment by local authorities as they continue to search for missing relatives.

The disaster has also triggered economic instability. The Central Bank of Venezuela reported that inflation rose by 19.9% in July, attributing the spike to distribution disruptions caused by the earthquakes. Economists, however, suggest the increase is also driven by the rapid devaluation of the bolívar. In response to the housing crisis, the government has launched the 'Venezuela Renace' plan, offering mortgage credits and subsidies to help victims acquire new homes in the secondary market.

Entities

Banco Central de Venezuela · Banco Digital de los Trabajadores · Banco de Venezuela · Banco del Tesoro · Central Bank of Venezuela · Cáritas Venezuela · Delcy Rodríguez · La Guaira · Ministerio de Economía y Finanzas · Ministerio del Poder Popular para Economía y Finanzas · Plan Venezuela Renace · Tamara Herrera

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