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The tsunami which hit Maldives on 26 December, 2004 was a nation-wide disaster which caused severe damage to the physical infrastructure of many islands. The tsunami has set back the high levels of social progress and prosperity achieved in recent years. Total damages are estimated to be US$470 million, 62 percent of Gross Domestic Product (GDP). Of these losses, direct losses are $298 million, or about 8 percent of the replacement cost of...
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