World Bank estimates $19.6 billion in earthquake damage in Venezuela

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The disaster struck a country with a poverty rate above 76% and an economy that contracted sharply over the past decade, in a period marked by US sanctionshttps://en.mercopress.com/data/cache/noticias/110897/100x80/ve.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" />
The twin earthquakes that struck northern Venezuela on June 24 caused an estimated $19.6 billion in direct physical damage, according to a preliminary assessment published on Thursday by the World Bank.

The figure is equivalent to about 18% of the country's gross domestic product, based on International Monetary Fund data.

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