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Last Updated : 2024-04-25 00:00:00
With 25% of the world’s gross domestic product, the region accounted for 38% of the economic losses due to natural disasters from 1980–2009. Unless governments, businesses and households better prepare for the increase in storms, floods and droughts, the economic consequences would likely worsen |
Sri Lanka has faced its share of natural calamities, the deadliest being the 2004 Tsunami. In addition, severe drought from 2011–12 left many districts in the northeast and southwest of the country parched; reservoirs dwindled and people in hard-hit areas lacked safe drinking water |
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