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

Young journalists club

News ID: 37746
Publish Date: 16:42 - 11 April 2019
TEHRAN, Apr 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.

World Bank puts Mozambique's economic losses from Cyclone Idai at up to $773 millionTEHRAN, Young Journalists Club (YJC) - 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.

Source: Reuters

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