The regional development bank CAF has opened a multi-donor fund of up to two hundred million dollars to rebuild Venezuela after June's twin earthquakes.
Key Facts
—The fund. CAF opened a multi-donor Fund for the Recovery and Reconstruction of Venezuela of up to $200m.
—The seed. The bank put in a $1m non-reimbursable contribution to activate it, on top of an earlier $300,000 donation.
—The scale. A United Nations assessment puts the reconstruction bill at about $6.7bn.
—The terms. CAF will charge no management fee, and the fund is walled off from its own money with an independent audit.
CAF crea el Fondo para la recuperación y reconstrucción de Venezuela
El vicepresidente de la CAF habló del fondo para reconstruir Venezuela: “Se estiman pérdidas materiales por USD 6.700 millones”
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