HomeSri Lanka NewsCyclone Ditwah Losses Could Reach Three Percent of GDP, Says Dilshan Wirasekara

Cyclone Ditwah Losses Could Reach Three Percent of GDP, Says Dilshan Wirasekara

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First Capital Holdings Managing Director and Chief Executive Officer Dilshan Wirasekara warned that the economic cost of Cyclone Ditwah may reach one to three percent of GDP, with initial estimates between two hundred million and two point nine billion dollars. Reported by Daily FT, he urged swift action through innovative capital raising tools, including a large scale Government backed Infrastructure Bond to support reconstruction and distressed enterprises. Wirasekara said the Government’s Rebuild Sri Lanka Fund is the ideal platform and called on investment banks to collaborate at zero fee to accelerate national recovery.

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