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Hurricane Matthew damage tally in Haiti nearly $2 bn

Hurricane Matthew battered Haiti's already fragile economy with losses representing roughly one-fifth of the country's GDPPort-au-Prince (AFP) – Hurricane Matthew’s devastating passage over southern Haiti on October 4 caused nearly $2 billion in damage, Haitian authorities announced. Studies by the World Bank and the Inter-American Development Bank (IADB) put the estimated cost of damage and economic losses at 124 billion Haitian gourdes ($1.89 billion), officials with the Ministry of Economy and Finance told a news conference. The storm, which killed 546 people according to official figures, battered an already fragile economy — one of the poorest in the world — with losses representing roughly one-fifth of the country’s Gross Domestic Product (GDP), the officials said.

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