Damage caused by Hurricane Fiona exceeds USD373 m

DOMINICAN REPUBLIC - In Brief 27 Sep 2022 by Magdalena Lizardo
Preliminary estimates of the damage caused by Hurricane Fiona exceed USD $373 m. (DOP20 b), according to information provided by President Luis Abinader at a press conference held yesterday. The president reported on the efforts made to reestablish services in the affected areas. In the affected areas, it has been possible to restore 91% of the drinking water service, 97.1% of the electrical service in the Eastern region and 99% in the North region, 92% of the access to secondary roads, 100% of health services and 40% of the affected schools. Around 50% of the 9,300 affected homes have been rebuilt. Expenditure on damage repair and reconstruction is being financed with resources from credit contingent on the occurrence of disasters contracted with the Inter-American Development Bank, as well as budgetary resources and internal credit that can be contracted for such purposes. Agriculture is the economic activity with the greatest damage and the government will soon announce assistance measures. Damage to tourism has been very low, and virtually all hotel facilities have returned to normal.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.