Why Asia and the Pacific Need Disaster Risk Financing

Date

31 January 2013

Subjects

A new ADB report says human and financial losses from natural disasters are rising fast in Asia and the Pacific. The report, Investing in Resilience recommends regional governments find ways to offer disaster risk financing such as insurance and catastrophe bonds to strengthen resilience and offset the impacts. Bindu Lohani, ADB’s Vice President for Knowledge Management and Sustainable Development discusses the cost of disasters to the region and how preparedness is key.

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