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President Announces Reconstruction Fund After 7.4 Quake

8/16/2026

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Story summary
  • President Abelardo De La Espriella announced a reconstruction fund after the 7.4-magnitude quake.
  • The quake killed at least 265 people, injured nearly 4,000, left 500 missing and destroyed over 9,550 homes.
  • De La Espriella secured private-sector partnerships, subsidies for homeless families, aid from Peru, China, the United States and the United Arab Emirates, and faced criticism for initially rejecting foreign rescue offers.
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