In Haiti, a new study says the damage from last month’s earthquake is worse than after the 2004 Asian tsunami. The Inter-American Development Bank says the damage could cost anywhere between $7.2 billion to $13.2 billion, compared to initial estimates of around $5 billion. Study co-author Andrew Powell said the earthquake could be the most destructive natural disaster in modern history.

Andrew Powell: “In relation to Haiti’s size, its population or its economic income, it’s really a terrible tragedy, one of the worst events that the world has seen for a country proportionate to the country’s size. And so, it’s really a devastating impact that the earthquake has had. We may well be talking of anything up to $13 or $14 billion of damages, and, of course, reconstruction needs is somewhat different to damages.”