Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

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

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Calling Chard: asparagus and leek risotto with chicken | SaltWire

Watch on YouTube: "Calling Chard: asparagus and leek risotto with chicken | SaltWire"

JOHANNESBURG (Reuters) - 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.

(Reporting by Emma Rumney; Editing by Angus MacSwan)

Share story:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT