Monday, January 17, 2005

Tsunami Shatters Economy in Indonesia (

Tsunami Shatters Economy in Indonesia ( "The Asian Development Bank warned the tsunami could impoverish 2 million people across the southern Asian nations it battered, half of them in Indonesia. 'The poverty impact of the tsunami will be enormous,' said Ifzal Ali, the bank's chief economist.
Experts say a big infusion of reconstruction cash would be the best way to get the economy going.
With U.N. money, the government has hired 300 tsunami homeless to clear debris from hospitals and schools. It plans to expand the program to 3,000 people within months, although that's less than one percent of the more than 600,000 who lost their homes." Read On


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