Since late 2020, much of the Horn of Africa region has been experiencing severe drought . As of December 2022, many areas are now within their fifth consecutive failed rainy season and a sixth failed rainy season is predicted for 2023.

The Horn of Africa continues to face its worst drought in 40 years, and this right after the region faced the worst desert locust upsurge in 70 years.

Flood exposure is likely to increase in the future as a direct consequence of more frequent and more intense flooding and the growth of populations and economic assets in flood-prone areas. Low-income households, which are more likely to be located in high-risk zones, will be particularly affected.

Climate change and environmental risks are increasingly recognized as a concern for financial authorities, yet empirical evidence of the damage for bank balance sheets is relatively scant.

This report highlights the urgent need to rewire the current financial systems towards (a) de-risking current investments (b) integrating risk reduction into credit allocation and (c) redirecting financial flows towards risk reduction.

This report highlights the urgent need to rewire the current financial systems towards (a) de-risking current investments (b) integrating risk reduction into credit allocation and (c) redirecting financial flows towards risk reduction.

This case study examines the experience of Dominica’s Disaster Vulnerability Reduction Project (DVRP) — the country’s largest World Bank-associated climate resilience program — from project approval in May 2014 through its near-completion in 2022. This case study focuses on the project’s delivery challenges and solutions.

The COVID-19 pandemic has been the biggest disaster in living memory, on almost any measure. Over 6.5 million people are confirmed to have died in less than 3 years, and the pandemic’s indirect impacts have touched the lives of virtually every community on the planet.

This report identifies global disaster and climate trends to help make better decisions to manage volatility and enhance global resilience.

In drought affected areas of Kenya, Ethiopia and Somalia, 22 million people are acutely food insecure and 5.1 million children are acutely malnourished.