Image Credit: CNBC
On February 6, a 7.8-magnitude earthquake struck Turkiye and Syria, claiming the lives of over 45,000 people in Turkiye and 5,000 in Syria. The devastation caused by the earthquake and its aftershocks has been estimated to cost Turkiye over $100 billion in damages alone, according to a report by the United Nations Development Programme (UNDP).
Louisa Vinton, a representative of the UNDP, reported via video link from Gaziantep in Turkiye that recovery costs will be on top of the estimated $100 billion in damages. This puts the total cost of recovery at a much higher figure, which the Turkish government, with support from the UNDP, World Bank, and European Union, has calculated.
Although the World Bank estimated last week that the earthquake had caused damage worth more than $34 billion in Turkiye, Vinton's report suggests that the actual damage is far higher than this. The government's calculations, supported by the three international partners, suggest that the figure will be in excess of $100 billion.
The earthquake has flattened entire cities and left many people without homes, food, or water. The recovery efforts will be massive, with the government and international partners working together to rebuild the affected areas and help the people affected by the disaster.
The UN report highlights the scale of the damage caused by the earthquake and the urgent need for international support to help Turkiye recover. The coming months and years will be crucial in ensuring that Turkiye is able to rebuild and recover from this catastrophic event.
0 Comments