Investing in Urban Resilience: Protecting and Promoting Development in a Changing World
Released in advance of Habitat III, the The World Bank / GFDRR report Investing in Urban Resilience cautions that rising numbers of natural disasters, as well as a growing number of economic, social, and environmental shocks and stresses, pose the greatest risk to rapidly-growing cities.
The report warns that failing to invest in making cities more resilient to natural disasters, shocks, and stresses will result in significant human and economic damages – with the urban poor bearing the brunt of losses. If high climate impact coincides with inequitable access to basic infrastructure and services, natural disasters will force tens of millions of urban dwellers into extreme poverty and may cost cities worldwide $314 billion each year by 2030, up from around $250 billion today. Download the report