UN says Türkiye, Syria quake damage exceeds $100 billion

World Tuesday 07/March/2023 18:36 PM
By: DW
UN says Türkiye, Syria  quake damage exceeds $100 billion

New York: A UN Development Programme (UNDP) official said on Tuesday that the damages resulting from the devastating earthquake that shook Türkiye and Syria in early February will exceed $100 billion.

Louisa Vinton of the UNDP further added that recovery costs could “be on top of that” while talking to reporters in a video call from Gaziantep in Türkiye.

The 7.8 magnitude earthquake that struck Türkiye and Syria on February 6 has claimed the lives of more than 50,000 people in both countries.

Last week, the World Bank calculated the damage to be at around $ 34.2 million for Türkiye with recovery costs to account for double the amount.

However, Vinton said that the Turkish government, with the help from the UNDP, World Bank, and the EU, estimated the costs would be far higher.

She also expressed that the UNDP was “very disappointed and saddened” by the low-level response to the funding pleas.

She said that hundreds of thousands of homes have been destroyed, images of which are “apocalyptic.”

“The needs are vast but the resources are scarce,” she further added.

Vinton’s press briefing comes ahead of a major donor conference that aims to raise funds for the earthquake victims. That conference is to be held in Brussels next week.