Page 9 - பிராந்திய அலுவலகம் க்கு ஆசியா News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Regional Labour Mobility Human Development Officer
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Information Management and Database Officer (DTM REMAP)
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Decoding public finance for disaster risk reduction and climate investments
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The need to increase investments in disaster risk reduction (DRR) and climate change adaptation (CCA) is a well-accepted priority to minimize losses from disaster and climate change. However, there are challenges in articulating how much countries ought to spend, what areas they should prioritize, and which type of measure are more effective in achieving risk and losses reduction. The absence of baseline information on expenditure trends hampers the analysis of most cost-efficient ways to reduce risk.
One way to gain insights into the current levels of investments is by conducting a review of public expenditure. The goal of such a review and budget tracking is to advise decision-makers on where gaps exist to realign budgets with priorities.
Intern (Migrant Health-Health Assessment Programme)
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Disaster Management Reference Handbook - Lao PDR (February 2021)
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EXECUTIVE SUMMARY
The Lao People’s Democratic Republic (Lao PDR or Laos) is a land-locked, multi-ethnic, socialist state in Southeast Asia. It enjoys social stability, and there are no serious external threats to its political or economic existence. These conditions have allowed the ruling Lao People’s Revolutionary Party to focus on reducing poverty via development and economic expansion. Since economic liberalization began in the 1980s, the economy has grown at greater than 6% annually,1 and poverty rates have fallen from 46% in 1993 to 18% in 2019. Still, more than 1 million Laotians live in poverty,2 and there is a high probability that many will slide back into poverty due to economic damage caused by the COVID-19 pandemic.