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Natural Disasters Are Increasing so Must the World Banks Prevention Efforts

By The World Bank

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Book Id: WPLBN0000143661
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2005
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Title: Natural Disasters Are Increasing so Must the World Banks Prevention Efforts  
Author: The World Bank
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


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Bank, T. W. (n.d.). Natural Disasters Are Increasing so Must the World Banks Prevention Efforts. Retrieved from


Washington, DC, April 21 -- A new report, ?Hazards of Nature, Risks to Development,? released today by the World Bank?s Independent Evaluation Group (IEG), calls for new thinking that integrates predictable disaster risks into development programs. The report concludes that it is possible to anticipate where many natural disasters will strike, yet expresses concerns that the World Bank?s disaster assistance efforts are underutilizing these vital lifesaving forecasts. Natural disasters destroyed $652 billion in property worldwide in the 1990s alone ? an amount 15 times higher in real terms compared to the 1950s. Approximately 2.6 billion people were affected by natural disasters over the past ten years, compared to 1.6 billion the previous decade. Developing countries have borne the brunt of these catastrophes, accounting for over 95 percent of all casualties.


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