Washington — The World Bank Board of Executive Directors approved a Disaster Risk Management Development Policy Financing (DPF) with a Catastrophe Deferred Drawdown Option (Cat DDO) for the Government of Rwanda, aimed at building stronger systems to anticipate, prepare for, and respond to disasters, protecting both lives and livelihoods. Rwanda faces increasing vulnerability to climate-related…
A report by the Coalition for Disaster Resilient Infrastructure (CDRI), a global coalition dedicated to enhancing the resilience of infrastructure systems to climate and disaster risks, has put the average annual loss of infrastructure, including buildings caused by disasters in Africa, at $12.7 billion. According to the report, of the damage, 70 per cent is…
Worldwide, an estimated 440 million people were exposed to a wildfire encroaching on their home at some point between 2002 and 2021, new research shows. That’s roughly equivalent to the entire population of the European Union, and the number has been steadily rising – up 40% over those two decades. With intense, destructive fires often…
