World Bank releases $200 million for Colombia earthquake relief

The World Bank has released $200 million to Colombia to support its emergency response following the devastating earthquake that struck the country on August 10. The funds are intended to address immediate needs while also laying the groundwork for long-term recovery.

The multilateral lender said it is coordinating with the Colombian government, development partners, financial institutions, and the private sector to channel resources effectively. A key part of this effort includes a Global Rapid Assessment of Damages from Earthquakes (GRADE), which will provide Bogota with an early evaluation of physical damage and economic losses. This assessment is meant to help authorities prioritize aid distribution and reconstruction planning.

Financing is being directed toward affected communities and businesses, with particular focus on public health, housing, and support for small and medium-sized enterprises.

The 7.4-magnitude earthquake struck shortly after 7:30 a.m. on Monday, collapsing apartment buildings and damaging homes, schools, and hospitals across western Colombia. As of Friday, authorities reported 285 fatalities and nearly 4,000 injuries, with close to 400 people still unaccounted for.