"Over the past two decades, the international community committed just under $110 billion to disaster relief, prevention and preparedness. This is a small sum when you consider that costs related to disaster recovery worldwide now average close to $200 billion per year, with almost 75 percent of this due to weather-related disasters. And only a little more than 10 percent of disaster aid has funded prevention and preparedness. Compare this to Japan, which allocates about 80 percent of its disaster risk management budget to preparedness".Read More....
Monday, 16 March 2015
Remarks by World Bank Group President Jim Yong Kim at the Foreign Correspondents Club of Japan
Posted by Tigabu Atalo