The World Bank estimates that twin earthquakes that struck Venezuela last month caused at least $19.6 billion in direct physical damage. The disaster, described as the country's most significant natural event in decades, has resulted in widespread destruction, including the loss of one in five homes in the region of La Guaira.
As the country begins the recovery process, authorities face a substantial challenge in rebuilding infrastructure and addressing the broader social and economic consequences of the disaster. The World Bank has emphasized the urgent need for a rapid increase in public resources to support rehabilitation efforts and mitigate the long-term impact of the destruction.
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