Asian Development Bank Disaster Resilience in Asia

Annotation

The Asia and Pacific region has seen tremendous economic and social progress since the 1960s. Yet, the region remains vulnerable to disaster risk that threatens its hard-won gains. Over the years, developing Asia has endured a growing number of disasters triggered by natural hazards. As a result, numerous lives, livelihoods, and communities have been damaged or lost. The coronavirus disease (COVID-19) pandemic is testament to the debilitating effects of such a disaster on people, businesses, and economies. Indeed, in 2020, developing Asia suffered its first economic contraction in 6 decades. Now more than ever, the region must find ways to reduce its vulnerability to hazards and build economic resilience.