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The earthquakes that hit Turkey and Syria last month caused about $5.1 billion in direct physical damage in Syria according to a World Bank assessment which was supported by GFDRR, Reuters reported. The assessment used the Global RApid post-disaster Damage Estimation (GRADE) methodology.
The World Bank estimated in 2021 that retrofitting or rebuilding millions of residential buildings in Türkiye to withstand an earthquake would cost almost half a trillion dollars.
An article on seismic loss in Istanbul, Jakarta, and Metro Manila published in the Communications Earth & Environment journal cites the GFDRR report The making of a riskier future: How our decisions are shaping future disaster risk.
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