Recovery From La Soufrière Disaster Estimated To Exceed 50 Percent Of GDP

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Recovery from the La Soufrière  volcano disaster in Saint Vincent and the Grenadines will result in a massive bill, the country’s finance minister has disclosed.

Camillo Gonsalves, made the disclosure to Britain’s Channel Four News on Monday.

“We believe that when this is said and done, the number is going to exceed 50 percent of the GDP of Saint Vincent and the Grenadines,” he stated.

He said the country had taken a massive hit.

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Gonsalves explained that some 20 percent of houses in the ‘red zone’ had either sustained severe damage or were destroyed.

And he explained that  unfortunately the red and orange zones of the country coincide with the agriculture belt.

“We are tabulating on the fly,” Gonsalves said.

“But we think that the humanitarian effort is going to be a number approaching a hundred million dollars,” the finance minister stated.

He also estimated that the cleanup effort would cost the same amount.

In addition, Gonsalves said the authorities already have data indicating infrastructural damage in the sum of $150 million.

But he disclosed that officials have not yet gone fully into the red zone to tabulate everything.

Headline photo: Cleaning volcanic ash off roof

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Editorial Staff
Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.


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