00:00In this Tuesday, at its office in Caracas, the capital of Venezuela, the United Nations Development Programme, the UNDP,
00:06presented the report for the first half of 2026 in which it projects gross domestic product growth for the Bolivarian
00:12nation of nearly 6.5% by the end of the year.
00:15The report highlights that despite the severe impact of the double earthquake that struck the country on June 24,
00:21economic activity maintained its growth trajectory, supported by the recovery of the oil and industrial sectors.
00:27In addition, government revenues, both tax and oil related, showed a significant recovery
00:32and the country is moving toward normalizing its relations with multilateral financial institutions.
00:37The report explains also highlights the severity of the tragedy and estimates that the damage caused by the earthquake amount
00:45to approximately $6.7 billion
00:48and emphasizes that the active participation of all sectors will be necessary not only to repair the damage
00:55but also to create jobs and strengthen productive capacities.
00:58Despite the adversities, the country once again demonstrates its resilience throughout sustained growth
01:03and a reconstruction plan that prioritizes strengthening the popular economy with the people at the center.
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