Document / Publication
This document provides an estimate of the cost of the 2014 drought to economic sectors of considerable importance in the region, which are significantly affected by decreased precipitation. These include the agricultural sector, which generates a significant portion of production in rural areas, and in particular provides employment to the most economically vulnerable population; the hydroelectric sector, which generates a substantial portion of power in the region; and the Water, Sanitation and Hygiene (WASH) sector, which is critical for human development.
The study concludes that losses in all three sectors were substantial, exceeding US$ 650 million; therefore, investments aimed at reducing vulnerability to climate change can be very profitable for countries from a socio-economic development point of view. The publication offers recommendations for the following sectors, among others (p. 33-34):