World Bank assesses $46.5 billion damage from 2011 floods in Thailand
4 reports, 2 independent
Updated Oct 30
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What happened
World Bank figures indicate that the 2011 floods resulted in $46.5 billion in damage to Thailand. The assessment specifically links this financial impact to the vulnerability of Bangkok due to its location on a major river floodplain.
From theconversation.com
Why it matters
The event demonstrates the significant financial risk associated with major population centers situated in floodplains. The damage assessment highlights the strain placed on national resources during extreme weather events.
From theconversation.com
Who's involved
- World BankInternational financial institution that conducted the assessment.
- ThailandGeopolitical state that experienced the major financial losses.
- BangkokCapital city of Thailand that faced the brunt of the flooding.
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The entities involved
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World Bank
international financial institution
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Thailand
country in Southeast Asia
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Bangkok
capital of Thailand
Related events
- Malaysia and Thailand held negotiations regarding a river project on the Golok River to address flood risks.
- Government approved flood relief and tax exemptions in Thailand.
- Reports warn that Bangkok, Kolkata, Jakarta, and Mumbai face increased flood risks.
- Thailand's cabinet approved a measure to determine compensation for flood victims.
- Flooding has been reported in both Bangkok and Chachoengsao provinces.