Mozambique's losses at USD 773 million due to Idai cyclone says World Bank
- Country:
- Mozambique
The World Bank estimates the direct economic losses from Cyclone Idai in Mozambique to range from $656 million-$773 million, covering damage to buildings, infrastructure and agriculture, a note sent out via the United Nations said on Thursday.
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.
ALSO READ
-
Tanzania’s Growth Gains Need Better Jobs to Bring Lasting Prosperity to More Families
-
Better Schools, Stronger Economy: Saudi Arabia Eyes a Major Growth Dividend From Education
-
World Bank’s Billion-Person Digital Push Puts Affordable Internet and AI at Center Stage
-
Tanzania’s Economy Gains Momentum, but Better Jobs Hold the Key to Broader National Prosperity
-
Tanzania’s Growing Economy Puts Better Jobs at the Heart of Its Next Growth Chapter
Google News