Question:What is the estimated amount of investment needed in developing Asia to build disaster-resilient infrastructure for the period 2016 to 2030,as per a report by ADB?
(a) 26 trillion dollars
(b) 20 trillion dollars
(c) 15 trillion dollars
(d) 9 trillion dollars
Answer: (a)
Related facts:
- Developing economies across Asia are among the most vulnerable to natural disasters and have suffered damages estimated at 644 billion dollars since 2000, as per a recent (April, 2019) ADB report.
- As per report of ADB titled Asian Development Outlook, 2019; Strengthening Disaster Resilience, weather-related hazards caused the greatest share at 507 billion dollars (79%) while geophysical hazards accounted for the remaining 137 billion dollars (21%).
- Natural Hazards are storms, floods, droughts, tsunamis and earthquakes, and the impacts of climate change such as sea-level rise, coastal erosion and extreme temperatures.
- To build disaster-resilient infrastructure, investment needs in developing Asia are estimated at 26 trillion dollars from 2016 to 2030, or 1.7 trillion dollars per year, including necessary investments in climate-change initiation and adaptation.
- ADB, based in Manila, is dedicated to eradicating poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
- Established in 1966, ADB is celebrating 50 years of development partnership in the region.
Links:
https://www.business-standard.com/article/news-ani/1-7-trillion-needed-per-year-to-build-disaster-resilient-infrastructure-in-asia-adb-119040600439_1.html
https://www.adb.org/news/asia-infrastructure-needs-exceed-17-trillion-year-double-previous-estimates