News ID: 167046
Published: 0150 GMT August 17, 2016

Report: War costs Yemen $14 billion in damage, economic losses

Report: War costs Yemen $14 billion in damage, economic losses

The cost from damage to infrastructure and economic losses in Yemen's war is more than $14 billion, 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, Reuters wrote on Wednesday.

The 14-month bombing campaign, unleashed by Saudi Arabia to reinstate former president Abd Rabbuh Mansour Hadi who had resigned and was forced to flee the capital Sana’a by the Houthis, coupled with an internal war, has killed more than 6,500 people, displaced more than 2.5 million and caused a humanitarian catastrophe in a country with a per capita gross domestic product the World Bank last estimated at only $1,097 in 2013.

The Preliminary Damage and Needs Assessment report is an internal working document that is not being publicly released.

"These preliminary findings are not only partial, but also evolving" because the conflict is ongoing, the report said. The assessment, it said, was conducted between late 2015 and early this year.

A survey by Yemen's Education Ministry cited by the report showed that of 1,671 schools in 20 governorates which suffered damage, 287 need major reconstruction, 544 were serving as shelters for internally displaced persons, and 33 were occupied by armed groups. Based on a sample of 143 schools, the estimated cost of the damage was $269 million.

Citing the Ministry of Public Health and Population, the report said 900 of 3,652 facilities providing vaccination services were not operating in early 2016, leaving 2.6 million children under 15 at risk of contracting measles.

A shaky cease-fire between the former government and the Houthis took effect in April and brought some respite from the war, which started when the fighters pushed the government into exile in March 2015. Peace talks broke down earlier this month and Saudi airstrikes intensified afterwards.

 

   
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