Costs from Türkiye’s massive quake rising ...News

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Costs from Türkiye’s massive quake rising
Financial losses arising from the catastrophe have exceeded $34 billion, the World Bank says The devastating earthquakes that hit Türkiye earlier this month have caused some $34.2 billion worth of physical damage, according to a preliminary assessment revealed by the World Bank on Monday. The Washington-based institution noted that the total cost of reconstruction and recovery facing the nation could be “twice as large.” “Our experience is that reconstruction needs can run as high as two to three times the estimated direct physical damage,” according to Anna Bjerde, World Bank Group vice president for Europe and C

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