The Development Bank of Latin America and the Caribbean (CAF) announces the creation of a Venezuela Recovery and Reconstruction Fund in response to the earthquakes that struck Venezuela on June 24. Multiple outlets report that the fund is intended to gather, mobilize, and channel contributions toward Venezuela’s recovery and reconstruction priorities. The fund consolidates support from different sources, including governments, international partners, and public and private contributions, according to CAF statements referenced by the reports. One outlet specifies the fund’s initial size as US$1 million, while another notes that the new financing mechanism is in addition to humanitarian assistance previously announced by CAF. The reports describe the initiative as a dedicated mechanism to support recovery efforts after the “devastating” earthquakes. Overall, the coverage agrees that CAF is establishing a new financing structure to coordinate resources for rebuilding and recovery following the June 24 disaster, with the stated focus on directing funds to national priorities. The details of timing, implementation partners, and specific spending categories are not elaborated in the excerpts provided.