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Search form Search. Published on. Tuesday, September 10, Common Dreams. This can either be done by avoiding the creation of new risks or by addressing existing risks. Preparedness: Adequate preparedness measures are essential because disaster risk can never be completely eliminated.
Preparedness through early warning systems save lives and protect livelihoods and is one of the most cost-effective ways to reduce the impact of disasters. Financial Protection: Financial protection strategies protect governments, businesses and households from the economic burden of disasters. These strategies can include programs to increase the financial capacity of the state to respond to an emergency, whilst protecting the fiscal balance. Resilient Reconstruction: The challenge of reconstruction also presents an opportunity to promote disaster risk management through integrated resilient recovery and reconstruction planning that will drive longer-term resilient development.
World Bank President Jim Yong Kim spoke at an international dialogue in Sendai, Japan, after touring areas affected by the country's earthquake and tsunami. Of all the active CASs in FY13, 85 percent recognized natural hazards as a challenge to sustainable development, up from 46 percent in The Bank has played a pivotal role in the development of innovative disaster risk financing solutions.
The World Bank is currently advising more than 40 countries on financial protection options. An example Colombia, which is implementing standardized insurance policies for its public buildings in order to improve the quality of coverage and to reduce premiums since The World Bank has helped build the capacity of national and local governments in the Philippines to carry out their own post-disaster assessments.
Building on this support, the government of the Philippines was able to conduct its own post-disaster assessment following Typhoon Haiyan in A World Bank technical assistance team assisted with a rapid assessment of damage to infrastructure and other critical assets. The World Bank is also assisting the government in designing a comprehensive recovery and reconstruction plan following the principles of building back better, and to establish a reconstruction monitoring system.
This project led to multiple economic and social benefits. Nearly 1. DRM activities accounted for These operations have built-in resilience measures as core components of the project design in an effort to mainstream DRM into development. New IDA investments have been triggered by large-scale disasters of recent times. Furthermore, emergency recovery loans financed by both IDA and IBRD have been approved to restore public services and infrastructure in the wake of recent disasters.
However, there is still more to be done to integrate an assessment of disaster risks systematically into the design and implementation of World Bank-financed projects. The disaster risk management and climate adaptation portfolios are increasingly aligned. The institutional alignment between the two disciplines is expected to increase in the future, due to the emphasis placed in IDA on climate change and disaster risk management, the growing confluence of international financing sources, and the introduction of the new Global Practices at the WBG.
Hasina is a school headmistress living on the front lines of climate change. The school is one of 2, shelters in coastal areas of Bangladesh. The government of Bangladesh envisions a country resilient to natural disasters. The World Bank has supported this vision for 40 years.
Disaster risk management was universally endorsed as a development priority through the Hyogo Framework for Action HFA in This framework is an agreement signed by governments and international organizations, including the World Bank Group and the United Nations, to support disaster prevention across the world. As a partnership financing mechanism, GFDRR includes 43 country governments as well as eight international organizations.
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