Haiti Quake 'Worst Disaster In Modern History'

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The Haitian earthquake could be the most destructive natural disaster in modern times when viewed in relation to the size of the nation's population and its economy, a study says.

The Inter-American Development Bank estimates that the costs of rebuilding Haiti's homes, schools, roads and other infrastructure could cost as much as $13.9 billion.

In terms of Haiti's economy coupled with the number of deaths per million inhabitants, the bank's study estimates the Haitian earthquake was vastly more destructive than the Indian Ocean tsunami in 2004 and the cyclone that hit Myanmar in 2008.

It caused five times more deaths per million inhabitants than the second-ranking natural killer, the 1972 earthquake in Nicaragua.

The study concluded that the scale of damages in Haiti will require unprecedented coordination among multiple fronts to ensure the efficient use of billions of dollars of reconstruction funds.

The Haitian earthquake could be the most destructive natural disaster in modern times when viewed in relation to the size of the nation's population and its economy, a study says. (Market News Provided by RTTNews)