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16 Jul 2012 description

SUMMARY

Disasters cause human suffering, environmental and economic harm, and set back progress on eliminating poverty. If disaster risk isn’t well managed, the consequences are manifold. Disaster risk reduction is, therefore, an investment worth making by all countries. Every dollar spent reducing people’s vulnerability to disasters saves around seven dollars in economic losses. Investing in prevention not only increases the resilience of countries to future disaster, but protects economic growth and other development achievements from being lost in a single catastrophic event.