Zika to Cost Latin America and Caribbean $3.5B

Three weeks ago, I wrote a piece about how the Zika virus may affect medical travel to Latin America and the Caribbean.

Today, Business Insurance.com (article unavailable online due to error) reported that the World Bank warned that the spread of the Zika virus across Latin America and the Caribbean is expected to cost those regions about $3.5 billion in forgone economic output.

A full article can be found here.

According to the article, the World Bank is offering $150 million in financing to those countries combating the disease.

This money is nearly three times the the amount of money requested by the United Nations’ health arm on Wednesday.

However, officials at the World Health Organization said that they needed $56 million to help prevent the spread of the virus.

The officials also said that the short-term funding request would be used to speed up research, vaccine development and diagnostics of the relatively unknown virus, and would last until June.

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