The Corporación Andina de Fomento (CAF) has established a multi-donor fund with a capacity of up to $200 million to support reconstruction efforts in Venezuela following the twin earthquakes that struck the country in June.
The initiative aims to channel international aid and private capital into rebuilding critical infrastructure and housing damaged by the seismic events.
The United States previously announced a $150 million aid package, deploying military search-and-rescue teams alongside financial support to address immediate needs.
The fund represents a significant step in the international response to the disaster, complementing earlier humanitarian assistance.
The United States previously announced a $150 million aid package, deploying military search-and-rescue teams alongside financial support to address immediate needs.
CAF’s mechanism focuses on longer-term recovery, providing a structured vehicle for donors to contribute to Venezuela’s rebuilding process.
This development occurs against a backdrop of severe economic strain for Venezuela, which has initiated a sweeping $150 billion debt restructuring plan to alleviate financial pressure amid ongoing political instability.