Cambodia - Southeast Asia Disaster Risk Management Project (English)

Limited road connectivity in combination with high disaster and climate change vulnerability lead to barriers in development in Cambodia, which remains predominantly a rural subsistence economy, with 79 percent of the population living in rural areas....  See More + Limited road connectivity in combination with high disaster and climate change vulnerability lead to barriers in development in Cambodia, which remains predominantly a rural subsistence economy, with 79 percent of the population living in rural areas. The 2016 World Risk Index ranks Cambodia the 9th most disaster-prone country in the world, with floods, storms and droughts as the most prevalent hazards. Typhoon Ketsana in 2009 and the floods in 2011 and 2014 cased damages and losses of US dollar 132 million, US dollar 625 million, and US dollar 357 million, respectively. A preliminary financial risk assessment estimated high annual economic losses for Cambodia due to natural disasters, equivalent to 0.9 percent of GDP. The transport sector is the most affected by natural disasters and the impacts are expected to become more pronounced due to climate change. Recognizing the links between development, sustainability, and resilience, Cambodia has started to incorporate disaster and climate resilience priorities into its national strategies, however the needs for increased physical investments in disaster resilience, as well as capacity of Government to pursue sustainable and resilient road investment planning, execution and maintenance are high. Building on lessons learnt from the Cambodia Ketsana Emergency Rehabilitation and Recovery Project, and being part of a series of projects on Disaster Risk Management in Southeast Asia, the Cambodia Southeast Asia Disaster Risk Management project promotes supports structural and non-structural investments to increase climate resilience, and promotes disaster risk financing tools including the development of the Southeast Asia Disaster Resilience Insurance Facility (SEADRIF) through a grant from the Global Facility for Disaster Reduction and Recovery (GFDRR).  See Less -