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natural disaster

Investing in prevention: A new World Bank Group approach to crisis

Kristalina Georgieva's picture
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© Riyaad Minty/Creative Commons
© Riyaad Minty/Creative Commons

Benjamin Franklin famously said, “An ounce of prevention is worth a pound of cure.”  This was his message to Philadelphians on how to avoid house fires, at a time when they were causing widespread damage to the city and its people.

His words ring true today, as we face global crises – natural disasters, pandemics, violent conflicts, financial crises, and more – that hit rich and poor countries alike, and have lasting consequences especially for the world’s most vulnerable people. They can take the lives of millions of people and cost the world trillions of dollars in damages and lost potential.