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President Declares Economic Emergency After 7.4 Quake

8/18/2026

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Story summary
  • President Abelardo de la Espriella declared an economic emergency and a reconstruction fund after the 7.4 quake that killed at least 289 people.
  • Rescue teams saved 354 lives, with 143 still missing as the chance of finding more survivors fell sharply.
  • ActionAid director Egido Sanz said shelter for over 120,000 families is the priority, while the EU, US and a $450 million World Bank line aim to fund a $6.4 billion rebuild.