The Ministry of Economy is all set to follow up on the 2023 cyclone season

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The Ministry of Economy is all set to follow up on the 2023 cyclone season

Director of Disaster Risk Management and Climate Change, Mercedes Feliciano, said that if a weather event impacts the country, the Ministry of Economy is in charge of preparing a report on damages and direct and indirect economic losses. .

Santo Domingo Dominican Republic. (May 2023). The Ministry of Economy, Planning and Development is all set to observe this year’s cyclone season, which begins on June 1 and ends on November 30, during which 12 to 17 tropical cyclones are expected, of which 5 to 9 may turn into typhoons.

Director of Disaster Risk Management and Climate Change, Mercedes Feliciano, said that if a weather event impacts the country, the Ministry of Economy is in charge of preparing a report on damages and direct and indirect economic losses. Recovery.

“From the Ministry of Economy we monitor atmospheric phenomena that can affect people, their livelihoods, services and their value chain,” he pointed out.

The director pointed out that after the impact of Cyclone Fiona in September last year, a loss of 0.3% of the Gross Domestic Product (GDP) was calculated.

The report was prepared based on information provided by other organizations and allowed to test the Damage Collection and Assessment System for the Dominican Republic (SIRED-RD), a tool managed by the Directorate of Risk Management for Disasters and Climate Change. Ministry of Economy.

This technical tool is designed to quantify the economic losses and socioeconomic damages caused by sectoral chaotic events, involving sectoral organizations and other actors and having a scientific method to capture the problems caused by disasters in territories.

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