Urban resilience, no longer just a buzzword, is fast becoming part of the fabric of cities around the world, which need to ramp up strategies to ensure the wellbeing of their booming populations in the face of growing threats, experts say.
The World Bank’s Board of Executive Directors today approved US$50 million from the International Development Association for the Strengthening Critical Infrastructure Against Natural Hazards Project in Tajikistan.
A global initiative is gaining momentum to improve multi-hazard early warning systems and so boost the resilience of the most vulnerable countries to extreme weather and the impacts of climate change.
The link between poverty and disasters is becoming clearer – new research shows that extreme weather events alone are pushing up to 26 million people into poverty every year.
The World Bank’s Board of Executive Directors approved today grant financing for a project that is expected to help communities in the Marshall Islands – already vulnerable to recurring drought and flooding – prepare better for the impact of climate change.
The World Bank payed tribute to women entrepreneurs who have distinguished themselves in their respective fields by acting for a resilient future in the Middle East and North Africa region (MENA) in an awarding ceremony held on Sunday in Casablanca.
One thing is clear today: Resilience is here to stay. Over the past couple of years, the global community has rallied around the importance of building resilience. All the recent major conferences and agreements — from the Sustainable Development Goals, to the Sendai Framework on disaster risk reduction, to the 2015 Paris Climate Change Agreement, and the World Humanitarian Summit — reflect on resilience in some way or another.
March 11 marks the sixth anniversary of the Tohoku earthquake and tsunami in Japan. The human and economic consequences of this event have tragically illustrated that even the best-prepared and most advanced countries face the threat of natural disasters, and that natural risk can never be reduced to zero. The world will see more disasters in the future, and needs to prepare for them.
Global natural disasters cost $520 billion of consumption loss annually, 60 percent larger than asset losses that are commonly reported, the World Bank said in a report.
JAMAICA will be getting help from the World Bank towards the promulgation and passage of a new Building Act to replace the country’s 109-year-old building code.