The World Bank has disbursed $200 million to Colombia for its emergency response after a deadly earthquake.
The multilateral lender announced the funding on Friday as authorities continued rescue and recovery efforts nationwide.
The 7.4-magnitude earthquake struck western Colombia shortly after 7:30 a.m. on Monday. The powerful quake toppled apartment buildings and damaged homes, schools, and hospitals.
Authorities reported 285 deaths and nearly 4,000 injuries by Friday. Meanwhile, nearly 400 people remained missing as rescue operations continued.
World Bank Supports Emergency Response
The World Bank said it was working with Colombia’s government and development partners. It also planned cooperation with financial institutions and private-sector organizations.
The bank said the funding would address urgent needs while supporting longer-term recovery efforts. Authorities will direct financing toward affected communities and businesses.
The support will cover public health, housing, and small and medium-sized enterprises. Consequently, the funding aims to help families and businesses recover from extensive earthquake damage.
Damage Assessment Begins Across Colombia
The World Bank has also launched a Global Rapid Assessment of Damages from Earthquakes. The GRADE initiative will provide Colombia with an early assessment of damage and economic losses.
Officials will use the assessment to prioritize aid and reconstruction efforts. The initiative could help authorities identify the areas requiring immediate financial support.
Meanwhile, rescue teams continue searching for missing people across affected areas. The government faces a major recovery challenge as communities begin rebuilding after the disaster.
