JAKARTA – The United States government together with the Venezuelan government is considering various options to liquidate frozen financial assets worth billions of dollars.
The effort is to help post-earthquake reconstruction in Venezuela and relieve the financial burden borne by US taxpayers, Bloomberg said in a report, as reported by ANTARA from Sputnik, Friday, July 24.
The US has pledged more than $380 million (around Rp6.8 trillion) in post-earthquake aid to Venezuela.
On June 24, two powerful earthquakes with a magnitude of 7.2 and 7.5 struck Venezuela. After the disaster, the Venezuelan authorities declared a state of emergency and the international community sent rescue teams and humanitarian missions to the country.
In early July, Acting President of Venezuela Delcy Rodriguez stated that he would contact the International Monetary Fund (IMF) to request the disbursement of funds to help earthquake victims and rebuild damaged infrastructure.
Rodriguez announced on July 17 that the country had withdrawn $346 million (around Rp6.2 trillion) from the IMF reserve fund.
Rodriguez also expressed his intention to send a letter to the British Government and King Charles III to request the return of 31 tons of Venezuelan gold held in the Bank of England vault since 2018 due to sanctions against Venezuela.
On Thursday (23/7), the World Bank estimated that the physical damage directly affected by the devastating earthquake reached $19.6 billion (approximately Rp351.5 trillion).
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