00:00The 24th June Venezuela earthquake could have resulted in around 17.2 billion euros worth of direct physical damage, the
00:08World Bank group calculated.
00:10According to a global rapid damage estimation published by the World Bank, 47% of the total damage was to
00:17residential buildings,
00:18with infrastructure accounting for 27% and non-residential structures making up 26%.
00:25La Guayera state and the distrito capital bore the brunt of the impact, suffering approximately half of all direct losses.
00:34The World Bank warned that without prioritized funding, reconstruction could take over 10 years as resources would likely need to
00:41be diverted from other critical projects.
00:45The GRADE methodology utilized satellite imagery, catastrophe risk modeling, and community reports to rapidly analyze the value of capital stock.
00:55Beyond physical damage, the assessment stressed that household vulnerability must be prioritized during recovery.
01:02Seven of the most affected states are home to 11.5 million people, which is 40% of Venezuela's population,
01:10where female-headed, single-parent, and elderly households face heightened risk.
01:16The report concludes that restoring basic services like water and electricity will be essential to prevent service disruptions from deepening
01:24existing social inequalities.
01:26Thank you very much.
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