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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).

RMS, the world’s leading catastrophe risk management firm, today announced that governments will have free access to RMS(one)®, the company’s real-time exposure and risk management platform, to directly access catastrophe models from both public and priva

Could social media be useful in tackling the challenges posed by natural calamities? The answer is yes, as a World Bank team, found out from the response elicited from the officials during the devastating Hudhud cyclone.

Residents of cities in developing countries risk plunging further into poverty by 2030 if urban leaders do not take advantage of global pools of capital to finance urban resilience, according to a report by the World Bank and the Global Facility for Disas

An expert review has been launched to determine how effective the Caribbean’s early warnings were during the 2017 hurricane season in order to strengthen resilience against future disasters.

The 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).

The WMO and GFDRR convened a roundtable to address the urgent need for more investment in hydromet services.

Natural disasters push 26 million people into poverty and cost the world about $520 billion every year — which is about 60 percent lower than is usually reported, according to a new World Bank study.

Updating early warning systems to keep pace with the fast increase in extreme weather events is vital in the struggle to prevent disasters and save lives.