For many emerging market and developing economies (EMDEs), the adverse impact is already a reality, with natural disasters becoming more frequent and severe. Unfortunately, many countries still lack the capacity to cushion these blows, and this can spur political fragility, food insecurity, water scarcity, and, in extreme cases, conflict and migration. Even in milder manifestations, these impacts can derail development and set back gains from years of investment.
A severe and prolonged heat wave stifled much of Central Europe this summer, buckling train tracks in Serbia and forcing at least 10 countries to issue red alerts for health concerns and water conservation. Once a rare nuisance, extreme weather events like this are becoming more commonplace throughout the region – and more dangerous.
These challenges have prompted the government of Serbia to take a proactive approach to building resilience to climate and disaster risks over the last few years.
Over the last two weeks, we’ve witnessed three hurricanes in the Caribbean and Gulf of Mexico as well as a magnitude 8.1 earthquake in Mexico, killing people and destroying homes. They serve as a reminder that natural hazards pose a greater threat to our lives and livelihoods than we may think.
Libraries Without Borders (BSF), an international organization that expands access to information, education, and cultural resources to vulnerable people around the world, knows that very well.—ones that can help vulnerable people and communities better prepare for, and recover from, disasters.
In 2010, BSF was building libraries in Haiti when the well-known earthquake struck. At the time, local partners asked BSF to help them create information and cultural access points in refugee camps. This experience led to the development of the “Ideas Box," an innovative tool that provides vulnerable communities in disaster-prone areas with access to information, education, and cultural resources.
Last week, on the International Literacy Day, I talked to BSF’s Director of Communications and Advocacy, Katherine Trujillo, about the Ideas Box, as well as how their innovative ideas and actions have helped promote literacy and build resilience in disaster-hit communities.
At such times of peril, individual and community resilience is at a premium, and we cannot afford to miss opportunities to bolster that resilience wherever possible. This is especially true with respect to certain groups – such as persons with disabilities – who have historically been disproportionately affected by natural hazards.
While some strides have been made in addressing the needs of persons with different disabilities in response and recovery efforts, fewer efforts are aimed at incorporating lessons into long-term disaster and climate risk management at a systemic and/or policy level.
– a topic that will be discussed during a Facebook Live chat on September 19 at 10 am ET: facebook.com/worldbank
: refugees, rapid and unsustainable urbanization and climate change, failure to meet basic infrastructure needs, youth unemployment and disengagement, and stubbornly poor health and education outcomes, to name a few. Set against a backdrop of political and public pressure to do more with less – and see results faster than ever – even the most optimistic among us are likely to view the glass half empty.
There is no doubt that extreme weather events are increasing in frequency and severity. While we cannot stop them from striking, we can tell people about them, managing the risk that they present – by advancing our work in hydromet.
Hydromet is the union of hydrology and meteorology, combining water, weather, and climate studies as a formidable force in a government’s ability to accurately understand, forecast, and communicate storms and hazards. This means that something as simple as an accurate weather forecast, or the monitoring of river levels could make the difference between a farmer losing his/her entire crop or a fisherman knowing when best to head out to sea.
Because of the lack of high-quality hydromet services, countries suffer GDP losses every year from flooding, cyclones, and other storms.
However, instead of looking at potential future damages, we must look at
through financial instruments such as the Cat DDO.
Cat DDO stands for “Catastrophe Deferred Drawdown Option.” It is an innovative contingent line of credit that can provide immediate liquidity to countries in the aftermath of a disaster resulting from an adverse natural event. The World Bank has made it available to countries since 2008, to make it possible for them to have quick access to financial resources upon the declaration of state of emergency in the aftermath of a disaster, following an adverse natural event and in accordance with local legislation. The funds that provide liquidity to the countries are preapproved based on a sound disaster risk management program and an adequate macroeconomic framework.
[Read: Disasters, funds, and policy: Creatively meeting urgent needs and long-term policy goals]
- It serves as an early financing tool while funds from other sources such as government reallocations, bilateral aid, or reconstruction loans/credits become available.
- It allows the countries to address the emergency without distracting resources from their social and development programs.
- It enhances the countries’ financial capacity to prepare for disasters.
- It also generates or consolidates a dialogue on disaster risk management between the countries and the World Bank to learn from experience and apply good practices.
What are some of the examples of “Cat DDOs in action”? How will this innovative tool evolve to better manage increasing disaster risks? Watch a video with World Bank Senior Director Ede Ijjasz-Vasquez (@Ede_WBG) and Senior Disaster Risk Management Specialist Armando Guzman to learn more.
At the launch of the Sri Lanka Development Update (SLDU), our Twitter chat #SLDU2017: Environmental Benefits of Economic Management set out to explore how Sri Lanka could meet the twin challenges of increasing its physical and financial resilience.
The panel comprised experts from the World Bank - Country Director for Sri Lanka and the Maldives, Idah Pswarayi-Riddihough; Senior Economist Ralph van Doorn and senior environmental specialist Darshani De Silva – and Kanchana Wickramasinghe, a research economist in the Institute of Policy Studies. Together, they unpacked the SLDU, discussed its key findings and fielded questions from across the region around its main themes.
The bi-annual report, notes key economic developments over the preceding months, placing them in a longer term and global perspective; in the Special Focus section, it explores topics of particular policy significance to Sri Lanka.
Ralph started with the idea that Sri Lanka faces a window of opportunity during which key reforms could transform the country and its economy. He noted that Sri Lanka’s position in the global economy improved its global growth prospects, as well as that of its key export partners. Low commodity prices and the restoration of the GSP+ preferential trade arrangement with the EU had also combined to improve the outlook for the Sri Lankan economy.
For Idah, the country’s mood and the government’s commitment to change were critical to success:
The panel delved into how natural disasters and extreme weather events posed a threat to Sri Lanka’s growing economy. In the short-term the damage was clear and serious, with losses amounting to several billions a year, as Idah noted in her blog. During the chat, she emphasised how Sri Lanka needed to be prepared for future disasters or it would cost the country enormously.
Kanchana pointed out that in the long-term, disasters could set back poverty alleviation efforts, especially in agricultural and rural areas, adding:
With the chat underway, questions poured in from an online audience who were interested in diverse issues – from managing Sri Lanka’s ongoing drought and its impact on the Northern Province to what insights the SLDU had to offer other countries in the region such as India.
Building healthy and well-functioning cities and communities that continue to thrive for generations is the goal of the Global Platform for Sustainable Cities (GPSC), a collaboration that unites cities across continents in their endeavors towards achieving sustainable, resilient development.
What would these cities and communities look like to you? The GPSC, its partner cities, and the Global Environment Facility (GEF) invite you to articulate sustainability through the medium of photography.
Whether it be elements of your city that represent sustainability, or a moment in time that captures the spirit of inclusive, resilient, and sustainable urban development, we invite you to share your vision with us, through your photographs.
The winners of the photo competition will each win exciting prizes: a $500 voucher for purchasing photography equipment, as well as a chance to be recognized at an award ceremony and have their photographs featured in the World Bank / GPSC’s online and print materials.
Here’s how the Sustainable Cities Photo Contest will work: