Latest additions to the knowledge base

This magazine shares a series of photo essays profiling how communities experiencing climate change are harnessing the power of collective action to work toward a climate-resilient future.

In 2017, communities in Southern Albania were severely affected by floods. Since 2019, the Albanian Red Cross and the International Federation of Red Cross and Red Crescent Societies have worked with these communities to strengthen flood resilience.

This seismic risk profile of Albania, produced by the Global Earthquake Model (GEM) Foundation summarizes key metrics of seismic risk, allowing stakeholders in risk management to get an overview of the risk in the country.

This spotlight seeks to include data on climate change, finance policy and outcomes for children, including data on SDG progress and government spending on education, health, social protection and food security and nutrition.

Albania is exposed to a range of natural hazards, and it experiences recurring heavy rains, floods, landslides, droughts, and extreme summer heat, which can cause wildfires.

Municipalities in Albania have exclusive local responsibility for disaster risk reduction and civil protection and, to support disaster risk management municipalities are expected to set aside funds equivalent to 4% of their total municipal budget.

For this report the World Bank made an assessment of 10,000 formal firms in Albania, using the country’s disaster risk profile and the COVID-19 shock as assumptions for potential future shocks.

MSMEs play an important role in the Albanian economy. They constitute more than 99 percent of firms and generate more than 85 percent of formal employment in the private sector.