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'Natural disaster loss equals financial crisis'

 photo of Jakart floods by flickr user Pinot & Dita, CC BY-NC 2.0, http://www.flickr.com/photos/pinodita/383536143/

The loss due to natural disasters is 1% on average of Asia Pacific GDPs, reports VIVAnews, quoting BNPB Head of Information Data and Public Relations Sutopo Purwo Nugroho: 'We need to increase the allocation of these funds, or develop a mechanism of post-disaster funding systems, such as disaster insurance of which the premium is borne by the government.'

Related Links

Keywords

  • Themes:Economics of DRR, Governance
  • Countries/Regions:Asia, Indonesia

  • Short URL:http://preventionweb.net/go/21165

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