News
The World Bank has released US$496.25 million to support the Philippine government’s efforts to hasten recovery, rehabilitation, and reconstruction in areas battered by Typhoon Ompong (internationally known as Mangkhut) in mid-September this year.
The Global Facility for Disaster Reduction and Recovery has developed a diagnostic tool called CityStrength to help cities identify areas of weakness and the investments and institutional measures necessary to address them.
By 2050 there will be $158 trillion in assets at risk from flooding alone — not to mention 1.3 billion people at risk — driven largely by climate change and urbanization.
The World Bank approved US$50 million for the Strengthening Critical Infrastructure Against Natural Hazards Project in Tajikistan.
The issue of global financing for development is a critical theme in the international development agenda with the most recent United Nations (UN) meeting being the Third International Conference on Financing for Development (FfD), which was held in July.
The World Bank has launched the Pacific Resilience Program (PREP), a series of projects aimed at strengthening Pacific Island countries’ resilience to natural disasters and climate change.
Today, the first African Ministerial Conference on Meteorology (AMCOMET) Africa Hydromet Forum opened its doors to over 500 African leaders from governments, public and private sector representatives, civil society, and development partners.
Major international partnerships are mobilizing large-scale financing to protect people who the most vulnerable from climate impacts, reflecting the fact that building a climate resilient world is essential to secure hard-won development gains.
Out of 7.5 billion people in the world, more than 1 billion - or one in seven people - live on less than $1.25 (1.13 euros) a day. The number of those living in extreme poverty could rise sharply by 2030 unless governments plan better for disasters, the W