The Asian Development Bank (ADB) has pledged to increase its support to regional countries to cope with natural disasters.
In a recent report entitled “Response to natural disasters anddisaster risks”, the bank said regional countries need to better preparefor disasters and adapt to climate change to minimise their impacts.
It will provide funds, and coordinate aid and technical assistance to prevent catastrophes in Asia .
In conjunction with the Japanese Finance Ministry, the bank isformulating a cooperation programme with the World Bank to managedisaster-induced financial risks and offer insurances to ASEAN membercountries.
According to the report, the Asia–Pacificregion generated one quarter of gross domestic products worldwide from1980 to 2009, but suffered 38 percent of global economic losses causedby natural disasters.
In the last two decades,Asia has born half the global economic loss - nearly 927 billion USD.The region loses an average of 40 billion USD each year to disasters.Countries susceptible to natural disasters that result in great humanand economic losses include Vietnam , Bangladesh and thePhilippines. /.VNA
In a recent report entitled “Response to natural disasters anddisaster risks”, the bank said regional countries need to better preparefor disasters and adapt to climate change to minimise their impacts.
It will provide funds, and coordinate aid and technical assistance to prevent catastrophes in Asia .
In conjunction with the Japanese Finance Ministry, the bank isformulating a cooperation programme with the World Bank to managedisaster-induced financial risks and offer insurances to ASEAN membercountries.
According to the report, the Asia–Pacificregion generated one quarter of gross domestic products worldwide from1980 to 2009, but suffered 38 percent of global economic losses causedby natural disasters.
In the last two decades,Asia has born half the global economic loss - nearly 927 billion USD.The region loses an average of 40 billion USD each year to disasters.Countries susceptible to natural disasters that result in great humanand economic losses include Vietnam , Bangladesh and thePhilippines. /.VNA
