Haitian authorities have said the destruction caused by Hurricane Matthew's devastating passage over the island nation earlier this month caused nearly two billion dollars in damages, according to Sky News.

Studies by the World Bank and the Inter-American Development Bank put the estimated cost of damage and economic losses at 124 billion Haitian gourdes (€1.72 billion), officials with the Ministry of Economy and Finance told a news conference.

The storm, which killed 546 people according to official figures, battered an already fragile economy - one of the poorest in the world - with losses representing roughly one-fifth of the country's Gross Domestic Product, the officials said. 

Source: MENA