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World Bank says quakes cause 3% damage to Armenia's GDP

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The World Bank Group has said that earthquakes cause about 3% damage to Armenia's gross domestic product each year and the group has launched the National Disaster Risk Management Program in the country, reported PanArmenian.Net.

The group launched the program with a $1.75 million funding to offer support to further advance disaster resilience across Armenia.

The nation is prone to earthquakes, floods and other natural disasters.

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