World Bank assesses $46.5 billion damage from 2011 floods in Thailand
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Updated Thu 00:00
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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
- Major floods recently affected both Nepal and Thailand, prompting the Royal Thai Army to deploy for relief in Bangkok.
- World Bank estimates growth slowdown due to flood damage in Nepal.
- Flooding affected district infrastructure and public life in Bangkok, prompting the Governor to direct agencies to respond to the flood disaster.
- Thailand's cabinet approved a measure to determine compensation for flood victims.
- Agency failure at the National Disaster Warning Centre during recent severe floods in Thailand.