Venezuela's Fedecámaras forms committee to direct earthquake recovery funds

Venezuela's leading private sector guild, Fedecámaras, has launched a "Productive Recovery and Monitoring Committee" to channel financial resources to regions devastated by earthquakes on June 24.

The committee, formed after a Tuesday board meeting, aims to provide an institutional response to the widespread damage caused by the natural disaster. It will operate with a transitional, consultative, and strategic capacity.

Its primary responsibility is to devise action plans for attracting and directing funds toward the hardest-hit zones. Fedecámaras stated this effort will translate into economic reactivation for these communities.

Key objectives include designing national and international fundraising campaigns to support reconstruction efforts and aid programs for affected populations and sectors. The collected funds will be managed through investment funds, according to a Fedecámaras statement.

The committee, comprising representatives from various guilds within Fedecámaras, will focus on facilitating pre-investment, reinvestment, and special projects to accelerate the recovery of commercial and industrial infrastructure. The goal is to strengthen the institutional and social fabric of the affected regions.

Fedecámaras emphasized that channeled resources will prioritize initiatives for infrastructure, production, tourism, job creation, and labor retraining programs. To ensure transparency and build trust with donors, investors, and civil society, the committee's operations will be subject to institutional safeguards and mandatory external audits by a reputable firm, with reports made publicly accessible.