If all countries were to “build back stronger” in the next 20 years, global well-being losses due to natural disasters would be reduced by 12%, a gain equivalent to $65 billion annually. More details in our report: Building Back Better.
Building Back Better: How to Cut Natural Disaster Losses by a Third
When countries rebuild stronger, faster and more inclusively after natural disasters they can reduce the impact on people’s livelihoods and well-being by as much as 31%, potentially cutting global average losses, a new World Bank/GFDRR report says.