reconstruction News

Hurricanes Eta, Iota Hit Nicaragua With $743 Million In Economic Losses

Nicaragua suffered more than $740 million in damage from Hurricanes Eta and Iota, the government said on Tuesday, as the Inter-American Development Bank (IDB) promised $1.7 billion in aid for millions of people affected across Central America. Nearly 44,000 homes …

Chile President Tours Hard-Hit Quake Zones

Chile’s president is touring areas badly damaged by a massive 2010 earthquake. The 8.8 magnitude quake and the tsunami it unleashed killed 551 people and destroyed 220,000 homes. Many of the victims came from Constitucion. The tsunami destroyed 80 percent …

Japan OKs 3rd Extra Budget for Tsunami Recovery

Japan has approved a 12 trillion yen ($156 billion) extra budget to fund reconstruction after the March 11 disasters and nuclear crisis. The upper house president Kenji Hirata says the third supplementary budget for the fiscal year was approved Monday. …

Japan Cabinet OKs $158B Extra Budget for Tsunami

Prime Minister Yoshihiko Noda’s Cabinet on Friday approved a 12.1 trillion yen ($158 billion) extra budget to help fund the reconstruction of Japan’s tsunami-battered northeast. The supplementary budget for the year through March approved Friday also earmarks about 2 trillion …