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HONG KONG, CHINA (3 April 2019) — With the region facing ever-higher disaster risks, developing Asia urgently needs to build its resilience before catastrophe strikes through better planning, setting aside government budget, and encouraging insurance, says a new research produced as part of the Asian Development Bank’s (ADB) flagship economic publication, the Asian Development Outlook (ADO) 2019.
“Four out of every five people affected by natural hazards live in Asia,” said ADB Chief Economist Mr. Yasuyuki Sawada. “Asia has led the way on disaster risk reduction efforts in recent years, but more action is needed to tackle both vulnerability and responses at the national and the community level.”