This Regional Assessment Report on Disaster Risk Reduction 2023: Europe and Central Asia proposes that three broad, interconnected risk drivers characterize the complexity of managing risk in the region:
In 2022, the Emergency Event Database EM-DAT recorded 387 natural hazards and disasters worldwide, resulting in the loss of 30,704 lives and affecting 185 million individuals. Economic losses totaled around
Since late 2020, much of the Horn of Africa region has been experiencing severe drought . As of December 2022, many areas are now within their fifth consecutive failed rainy season and a sixth failed rainy
The Horn of Africa continues to face its worst drought in 40 years, and this right after the region faced the worst desert locust upsurge in 70 years. As of December 2022, some 22 million people were expected
Flood exposure is likely to increase in the future as a direct consequence of more frequent and more intense flooding and the growth of populations and economic assets in flood-prone areas. Low-income
This report highlights the urgent need to rewire the current financial systems towards (a) de-risking current investments (b) integrating risk reduction into credit allocation and (c) redirecting financial
This report highlights the urgent need to rewire the current financial systems towards (a) de-risking current investments (b) integrating risk reduction into credit allocation and (c) redirecting financial
Climate change and environmental risks are increasingly recognized as a concern for financial authorities, yet empirical evidence of the damage for bank balance sheets is relatively scant. This paper provides
The COVID-19 pandemic has been the biggest disaster in living memory, on almost any measure. Over 6.5 million people are confirmed to have died in less than 3 years, and the pandemic’s indirect impacts
This case study examines the experience of Dominica’s Disaster Vulnerability Reduction Project (DVRP) — the country’s largest World Bank-associated climate resilience program — from project approval in
This report identifies global disaster and climate trends to help make better decisions to manage volatility and enhance global resilience. The report reveals that disasters caused a $313 billion global
