Africa: Indirect Disaster Effects Cost the World Nearly $2 Trillion Per Year, Says UN Secretary-General On International Day
From 1970 until 2000, the costs of disaster averaged $70-$80 billion. Those mainly preventable costs doubled this century to average $180-$200 billion annually, according to a recent report published by the UN Office for Disaster Risk Reduction (UNDRR). Most of the exorbitant costs of disaster are preventable with proper funding and planning –one of the…