Mozambique loses millions of dollars to disaster

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The World Bank estimates the direct economic losses from Cyclone Idai in Mozambique to range from 656 million-773 million dollars, 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.