header banner
WORLD

World Bank puts Mozambique's economic losses from Cyclone Idai at up to $773 million

JOHANNESBURG, April 11: The World Bank estimates the direct economic losses from Cyclone Idai in Mozambique to range from $656 million-$773 million (590.26 million pounds), covering damage to buildings, infrastructure and agriculture, a note sent out via the United Nations said on Thursday.
By Reuters

JOHANNESBURG, April 11: The World Bank estimates the direct economic losses from Cyclone Idai in Mozambique to range from $656 million-$773 million (590.26 million pounds), covering damage to buildings, infrastructure and agriculture, a note sent out via the United Nations said on Thursday.


Related story

Cyclone Idai's death toll rises to 746, hundreds of thousands d...


In the note, dated April 4, the World Bank said its approach does not capture indirect losses such as reduced productivity or business interruptions, and could only provide a certain degree of accuracy.

Related Stories
SOCIETY

Parts of Nepal to face indirect effects of cyclone...

SOCIETY

WEATHER ALERT: Cyclone Amphan developing into supe...

WORLD

Cyclone Idai death toll now above 1,000 as thousan...

WORLD

Trees uprooted in Odisha amid winds and heavy down...

WORLD

UN chief calls for ‘far greater support’ for Cyclo...