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Monday, February 22, 2010

Haiti earthquake damage estimated up to $14 billion

(read more at Washington Post) Haiti's massive earthquake could be the world's most devastating natural disaster since World War II in relation to the country's size and economy, causing as much as $14 billion in damage, according to a study released Tuesday by the Inter-American Development Bank.

The estimate is based on comparisons with about 1,700 other disasters around the world in recent decades. A more detailed, official estimate is expected in a few weeks. But the preliminary study gives a sense of the extraordinary rebuilding task that awaits the hemisphere's poorest country.  (read more at Washington Post)

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