World Bank estimates Mozambique’s economic losses from Cyclone Idai at $773 million

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.

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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 said.

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