IDB report estimates Dorian’s impact on the Bahamas at US$3.4b

A new report by the Inter-American Development Bank (IDB) estimates that the impact and effect of Hurricane Dorian on The Bahamas in September is US$3.4b.

The report, titled, ‘Assessment of the Effects and Impacts of Hurricane Dorian in the Bahamas’, said the estimate is approximately a quarter of the island nation’s gross domestic product (GDP).

The report said, “the magnitude of the losses requires a new development approach to achieve climate and disaster resilience in areas that range from location of settlements to redesigning infrastructure and strengthening environmental protection.”

Hurricane Dorian hit The Bahamas on September 1 as a category five storm causing wide-scale destruction, while killing officially 67 people, with another 282 missing.

A further 29,472 individuals were also affected by damages to their homes and assets, as a result of inadequate construction and infrastructure located in vulnerable areas.