Prime Minister Dr. Ralph Gonsalves says the damage the country sustained as a result of the rains and flooding on Christmas Eve is approximately fifteen percent of the Gross Domestic Product (GDP)
He made this statement during a press briefing which was held today to update the nation on the status of the relief and recovery process.
Prime Minister Gonsalves said preliminary assessments indicate that the damages will cost the state hundreds of millions of dollars.
He said all of the assessments are not complete and he will update the nation on a more accurate figure in the soonest time.
Prime Minister Gonsalves said six hundred and sixty-two houses have been affected and it is safe to say that people are suffering.
He added that while there are a number of challenges in the relief and recovery process he believes that Vincentians are generally satisfied with the manner in which things are being handled.
He also held a meeting today with representatives from the World Bank.