Disaster Risks in Latin America

Many Latin American countries still treat disaster risk as a low priority matter, assigning very few funds mainly to disaster response, rather than to disaster preparation.  Smaller countries depend on international assistance during crises.

A new edition of Indicators of Disaster Risk and Risk Management details the potential economic losses a group of 17 countries in this region could suffer in the event of a natural disaster and evaluates how effective their governments are in managing these risks. The indicators show that the region’s systems and policies to manage disaster risk are still unsatisfactory – five years after the indicators were introduced by the IDB.

via Natural disaster risks remain high in Latin America | InsuranceERM.