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reslience

From risk to opportunity: Expanding the risk management toolbox to build more resilient societies

Stéphane Hallegatte's picture

Time and again, we witness how natural disasters reinforce poverty and other development challenges. Disasters strike countries around the world with alarming frequency – including severe storms, floods, or earthquakes that cause devastating damages. What is often overlooked in the reporting are the severe and long-term impacts that these events can have on the livelihoods and well-being of people. In the aftermath of these events, affected households—especially the poor and vulnerable—are often forced to cut down on food, education, or healthcare expenditures, or even to liquidate what’s left of their assets. These negative coping strategies often carry consequences long after the winds and storm surges have passed, and this is particularly true for children.