When a disaster strikes, it affects not only households’ physical assets (housing, tools, etc.) but also their income levels and ability to contribute to the local economy. Building on the Unbreakable mode, this report applies a disaster risk assessment methodology to help stakeholders better understand the impacts of disasters and climate shocks in 8 different ECA countries: Albania, Armenia, Bulgaria, Croatia, Georgia, Greece, Romania, and Turkey. The purpose of this study is to look beyond asset losses by quantifying the impact of disasters on the poorest income groups and understanding how disasters could exacerbate existing inequalities over the long term. This disaster risk assessment approach adds a new dimension—that is, socioeconomic resilience—to the conventional disaster risk assessment framework—which consists of hazard, exposure, and vulnerability. The socioeconomic resilience represents the ability of affected households to cope with and recover from disasters. The analysis also explores post-disaster reconstruction and recovery durations within and between countries to understand which affected groups are more likely to face difficulties in the aftermath of a disaster. The full report is available at: https://documents.worldbank.org/en/pu...
