Rural communities in the Greater Mekong Subregion are vulnerable to climate-related disasters, such as floods, droughts, and storms. Risk financing can help people protect their livelihood and productive assets better through a combination of risk retention, risk sharing, and risk transfer mechanisms. Photo: ADB.
Risk financing can help at-risk communities better cope with the economic costs of natural disasters and extreme weather.
MANILA, PHILIPPINES (7 November 2012) - The Asian Development Bank and Australian Agency for International Development will provide an $87.39 million package of loans and grants to help Lao People's Democratic Republic and Viet Nam pair infrastructure upgrades with community-based disaster risk management and enhanced regional forecasting to improve flood and drought preparedness in the Greater Mekong Subregion.
A long stretch of road linking several provinces of Myanmar, the Lao People’s Democratic Republic, Thailand and Viet Nam is home to many impoverished farmers. But things are slowly changing. Thanks to an improved road system, farmers now have an opportunity to distribute their agricultural products over long distances, reaching large, rich markets across the region. Farmers are also adding value to agricultural
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226