Sri Lanka Cyclone Causes $4.1 Billion in Damage

Sri Lanka Cyclone Causes $4.1 Billion in Damage

Sri Lanka’s economy and infrastructure have suffered severe losses after Cyclone Ditwah struck the island last month, causing an estimated $4.1 billion in direct physical damage, according to a World Bank report released on Monday.

Damage from Cyclone Ditwah in Sri Lanka estimated at $ 4.1 b

Cyclone Ditwah has inflicted an estimated $ 4.1 billion (approximately Rs. 1.3 trillion) in direct physical damage to buildings, agriculture, and critical infrastructure across Sri Lanka, equivalent to around 4% of ..

Cyclone Ditwah causes $4.1bn economic damage - World Bank - Business News LK

Cyclone Ditwah has emerged as a major economic shock. The scale of damage will influence fiscal planning, investment priorities, and recovery timelines across key sectors. The World Bank estimates direct physical damage at US$4.1 billion, equal to around 4% of annual GDP. This figure covers buildings, agriculture, and infrastructure but excludes income losses and full reconstruction costs. What sectors face the biggest pressure? Infrastructure s…

Donor agencies commit $350mn for Sri Lanka after cyclone, more expected

Foreign agencies have pledged US$350 million to support Sri Lanka’s cyclone recovery efforts, with further contributions anticipated, according to Deputy Treasury Secretary A.K. Seneviratne. Speaking to the Parliament’s Committee on Public Finance shortly before the approval of a Rs. 500 billion supplementary estimate, Seneviratne highlighted ongoing foreign exchange challenges and emphasized that donor agencies have committed funds in addition …

Reconstruction, Stability & Economic Revival After Ditwah: A Non-Debt External Financing Strategy For Sri Lanka

Open the article to view the coverage from Colombo Telegraph