Development slowed down by disasters, says World Bank

UNDP cash-for-work beneficiaries clearing debris in one of the most affected neighbourhoods in Tacloban, Philippines. Photo: RV Mitra/UNDP.

The intensity and frequency of natural disasters across the globe threaten to slow down the development of countries, according to the World Bank.

The Bank notes that the impact of disasters on gross domestic product (GDP) is 20 times higher in developing countries than in industrialized nations.

Rachel Kyte, the World Bank's Special Envoy for Climate Change is one of hundreds of delegates attending the World Conference on Disaster Risk Reduction which has been taking place in Sendai, Japan.

Nan Zheng met with Ms Kyte and asked her how disaster risk reduction fits into the World Bank's agenda of supporting the economic development of countries.

Duration: 4'27"

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