Disaster risk reduction saves lives and cuts losses

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Image of Typhoon Haiyan. Photo: OHCA (file)

Investing in risk prevention pays high dividends while saving lives, according to a new UN report on disaster risk reduction.

A Global Assessment Report on Disaster Risk Reduction launched on Wednesday is urging countries to increase their commitments to strengthen their population's resilience.

The report says the cost of disasters worldwide has reached an average of $250 billion to $300 billion every year.

Stephanie Coutrix reports.

Investing US$6 billion in disaster risk management strategies per year would generate total benefits in terms of risk reduction of US$360 billion.

That's one of the findings of the Global Assessment Report on Disaster Risk Reduction released on Wednesday.

At the launch event, the UN Secretary-General said he welcomes the focus of the report, which addresses how economic losses caused by disasters are also hindering countries' paths to achieve sustainable development.  

Ban Ki-moon said the global community must act to save lives and cut losses.

In just ten days, the UN chief will travel to Sendai, Japan to participate in the Third UN World Conference on Disaster Risk Reduction.

Stephanie Coutrix, United Nations.

Duration: 0’50″

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