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A conversation with Dr. Ben Fox of the World Bank Group, about the Bank's work to reduce the economic burden of natural disasters
he Southwest Indian Ocean Risk Assessment and Financing Initiative (SWIO RAFI) will be launched during the fifth Regional Platform for Risk Transfer Mechanisms (April 28-30), hosted by the Indian Ocean Commission (IOC).
In the span of one year, volunteer mappers put 30,000 buildings on the map in Sri Lanka, enabling the country to plan ahead and be prepared for the next disaster.
The destruction wreaked by Typhoon Haiyan in the Philippines this month has renewed debate on a critical financial question: How can nations best prepare for and respond to natural disasters?
The Tonga Hunga-Tonga-Hunga-Ha’apai volcanic eruption, tsunami and ashfall has caused an estimated US$90.4M (TOP 208 million) in damages – the equivalent of approximately 18.5% of Tonga’s Gross Domestic Product (GDP) – a World Bank assessment for the Government of Tonga has found. The report was produced with funding from the Global Facility for Disaster Reduction and Recovery (GFDRR).
Technology enables us to understand today what risks may come tomorrow.
With backing from the World Bank, Kenya has launched an insurance program designed to address challenges agricultural producers may face when there are large production shocks, such as droughts or floods.
Natural disasters have a more devastating impact on the poor than widely thought, forcing some 26 million people into poverty each year and setting back global spending on goods and services by the equivalent of $520 billion annually...
A virtual reality film which highlights climate change impacts in Fiji is set to make its return tour next week. Supported by GFDRR, the film has already been seen by more than 600,000 people worldwide, including many global leaders at COP23.
Disaster insurance has quickly risen up the global policy agenda in the last few years, where phrases like “loss and damage mechanisms” and “micro-insurance schemes” are catching fire in climate change discussions.