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The Nexus
WORLDJul 1 · 10:31 UTCTHE RIO TIMESJavier Mendoza

A Regional Bank Opens a $200 Million Fund to Rebuild Venezuela

CAF opened a $200 million multi-donor fund to support Venezuela's recovery and reconstruction. The bank contributed $1 million non-reimbursably to activate the fund, in addition to a prior $300,000 donation. The United Nations estimates Venezuela's reconstruction costs at approximately $6.7 billion.

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