Natural Disasters Drive 26 Million Into Poverty Annually: World Bank

Fahad Shabbir (@FahadShabbir) Published November 14, 2016 | 04:50 PM

Natural disasters drive 26 million into poverty annually: World Bank

MARRAKESH, Morocco, , (APP - UrduPoint / Pakistan Point News - 14th Nov, 2016 ) - Natural disasters drive at least 26 million people into poverty each year and cause more than $500 billion in lost consumption, far exceeding the value of damage to property alone, according to a World Bank report released Monday.

Those numbers will be driven up in the coming decades as climate change amplifies the destructive power of cyclones, flooding and drought, said the report, released on the margins of high-level UN climate talks in Marrakesh.

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