18 August 2016 - 11:38
Economic damage from war costs Yemen $14 billion

The cost from damage to infrastructure and economic losses in Yemen's war is more than $14 billion so far, according to a confidential report that highlights the effort needed to rebuild the country, where more than half the population is suffering from malnutrition.

AhlulBayt News Agency - The cost from damage to infrastructure and economic losses in Yemen's war is more than $14 billion so far, according to a confidential report that highlights the effort needed to rebuild the country, where more than half the population is suffering from malnutrition. 

"The conflict has so far resulted in damage costs (still partial and incomplete) of almost $7 billion and economic losses (in nominal terms) of over $7.3 billion in relation to production and service delivery," said the May 6 joint report by the World Bank, United Nations, Islamic Development Bank and European Union.

The Preliminary Damage and Needs Assessment report is an internal working document that is not being publicly released. The assessment was conducted between late 2015 and early this year.

The report said that since the conflict is still ongoing the “preliminary findings are not only partial, but also evolving.”

The report calls for immediate attention to restoring import financing, including food and fuel.

It also says the public health system in Yemen’s third-largest city of Ta’izz, which has been under heavy Saudi bombardment in the past months, has nearly collapsed, with half of the public hospitals damaged or inaccessible.

“There has been a surge in civilian morbidity and mortality as an indirect consequence of the conflict,” the report said.

Saudi Arabia started the military campaign against its southern neighbor in March 2015. The war was launched in a bid to undermine the Ansarullah movement and to reinstate Abd Rabbuh Mansur Hadi, who has stepped down as Yemen’s president but is now seeking to grab power by force.

Nearly 10,000 Yemenis, mostly civilians, have been killed in the military aggression.



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