UN Says Cost of Tsunami Disaster Without Precedent
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The UN emergency relief agency is struggling to respond to a natural disaster that has brought death and destruction to at least eight countries.
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The tsunami that crashed into coastlines across southern Asia is likely to present the United Nations with its biggest and costliest relief effort, the U.N. emergency relief coordinator said on Monday.
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Torrential rain and a crashed plane blocking a key airport hampered relief efforts Tuesday, but the United Nations hailed what it called extraordinary progress in getting aid to Asia's tsunami victims.
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Countries hit by the Asian tsunami disaster could take up to 10 years to recover, the UN's Kofi Annan warns.
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UNITED NATIONS -- In the three weeks since the Indian Ocean tsunami ripped up coastlines in Asia and Africa, the United Nations has credited more than 40 governments, the World Bank and the Asian Development Bank with unprecedented pledges of assistance valued at nearly $4 billion.
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United Nations appeals for disaster- and war-stricken countries in 2004 &#151; excluding special appeals for victims of the Indian Ocean tsunami &#151; and the proportion of money received:
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World leaders gathered here for an emergency summit with the United Nations saying aid pledges since the Asian tsunami disaster were near four billion dollars as the International Monetary Fund offered one billion dollars in aid.
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UNITED NATIONS: UN Secretary General Kofi Annan called on world nations to make a long-term commitment to rebuilding lives and communities shattered by the south Asia tsunami disaster.
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The financial cost to India's mainland from December's tsunami is more than $1bn, the government says.
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The U.N. humanitarian chief who complained after the Dec. 26 tsunami that Western nations were often "stingy" said Tuesday the unprecedented outpouring of aid should mark the end of the world's record of giving too little, too late to help disaster victims.
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International organisation and countries are poring in relief and over $500 million have already been pledged. This includes $250 million for tsunami relief offered by the World Bank on Thursday.
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As the World Bank and International Monetary Fund assess economic costs to South Asian governments of the cataclysmic tsunami, the current outpouring of aid could mean international lenders won't need to step in with new loans, economists said on Tuesday.
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As world governments and private organizations increase their financial pledges for the tsunami disaster in Asia, the United Nations is stressing that billions will be needed in the long-term.
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Send money, not supplies, if you want to help victims of the earthquake and tsunami near the Indian Ocean, relief organizations report.
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PHUKET, Thailand  - The United Nations emerged  Saturday as a coordinator for a regional tsunami warning center  after officials from 43 nations including India, Indonesia and  Thailand failed to agree who should run it.
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The United Nations called on donors Tuesday to set a record by meeting in full its &#36;1.0 billion appeal for immediate aid to victims of Asia's tsunami, and pledged to be open about how the money was spent.
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Damages from Sundayâs tsunami seem unlikely to wreak devastation on the insurance industry after Swiss Re, the worldâs second-largest reinsurer, said on Thursday that disaster would cost it less than SFr100m ($88m).