Colombia's president pegs early quake losses at $9.6 billion


Colombia's President Abelardo de la Espriella delivers a statement on recovery efforts following Monday's earthquake, which struck several major cities in western Colombia, at San Carlos Palace in Bogota, Colombia, August 12, 2026. REUTERS/Jose Vargas

BOGOTA, Aug 17 (Reuters) - The economic ⁠losses from a powerful earthquake that struck Colombia last ‌week are expected to reach 30 trillion pesos ($9.58 billion), Colombia's President Abelardo De La Espriella said on Monday.

De La Espriella said the ​impact included roughly 24.5 trillion pesos ⁠in buildings and 5.5 ⁠trillion pesos in infrastructure.

"Just imagine the scale of the disaster," ⁠De ‌La Espriella said, noting that the figures were likely to change. "This is a preliminary figure ⁠that will be adjusted as we obtain ​more information and ‌as the damage caused by this earthquake is ⁠assessed in ​each of the regions."

The 7.4-magnitude quake toppled buildings in various parts of western Colombia, including the major cities of Cali ⁠and Pereira, killing 280 people, injuring ​more than 4,000, and leaving another 143 people missing.

By comparison, the earthquakes that struck neighboring Venezuela on June 24 ⁠caused damage to housing and infrastructure estimated at $37 billion, according to an initial assessment by the United Nations Office for Disaster Risk Reduction published last month.

The Colombia quake ​is the first major crisis ⁠facing De La Espriella, who took office just days before ​and now must oversee relief and ‌reconstruction efforts.

($1 = 3,131.6400 Colombian pesos)

(Reporting ​by Luis Jaime Acosta and Nelson Bocanegra, Writing by Natalia Siniawski, Editing by Daina Beth Solomon)

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