FILE PHOTO: Smoke covers forest during fires in Kapuas regency near Palangka Raya in Central Kalimantan province, Indonesia, September 30, 2019. REUTERS/Willy Kurniawan/File Photo
JAKARTA: Forest fires that ravaged parts of Indonesia this year cost the country US$5.2bil, the World Bank said in a report released on Friday (Dec 13).
Total damage and economic losses as a result of the worst forest fires since 2015 are equal to about 0.5% of Indonesia's gross domestic product and could cut growth in 2019 and 2020 by 0.09 and 0.05 percentage points, respectively, the World Bank said.
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