How much does the World Bank per year spend to fix the damages of various natural disasters?

0
Posted

How much does the World Bank per year spend to fix the damages of various natural disasters?

0

From 1984–2009 the World Bank has spent $52 billion in disaster-related projects. Out of this amount, $10 billion are specifically allocated for disaster emergency recovery loans. It is difficult to present an average cost because numbers fluctuate greatly every year depending on the number and type of disasters that have occurred. Q: What is the list of priorities to fix first? A: The first step after a disaster is to take care of the most pressing needs for people—food, shelter, water. This is usually taken care of by civil protection agencies in the affected countries, UN agencies such as WFP, UNHCR, UNICEF and international organizations such as the Red Cross, Red Crescent. The World Bank mostly offers assistance to the country governments to finance their recovery and reconstruction activities. This assistance can be in a form of financial or technical services. To identify the priorities, a Post Disaster Needs Assessment (PDNA) is conducted, led by the government and supported by