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

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.

April 11, 2019 / 05:43 PM IST

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 April 11.

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.

 
Reuters
first published: Apr 11, 2019 05:35 pm
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