Rainstorms, hurricanes, earthquekes, and other weather phenomena can exact a devastating toll on property, human welfare, natural resources and the economies of developing countries. In the Latin American and Caribbean region, direct and indirect damages from natural hazards over the past thirty years have been estimated at between $US700 million and $3.3 billion annually. More
The World Bank's disaster risk management strategy in Latin America and the Caribbean is centered on reducing the impacts of natural disasters. This strategy is laid out in these five areas of intervention:
Institutional Strengthening of local and national disaster management groups, as a key factor for Disaster Mitigation.
CAPRA is an open source information and communication tool, which assesses and compares vulnerability and risk associated with natural hazards. CAPRA applications include a risk mapping devise, presented in a Geographic Information System (GIS), cost-benefit analysis tools for risk mitigation investments, and risk financing strategies. Learn More
The CCRIF is a joint reserve mechanism currently comprising 16 Caribbean countries. It is designed to provide participating governments with short term liquidity immediately after a disaster. The CCRIF relies on the innovative use of parametric insurance instruments. Learn more (PDF)
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