Natural disasters destroyed $652 billion in property worldwide in the 1990s alone – an amount 15 times higher in real terms compared to the 1950s. Approximately 2.6 billion people were affected by natural disasters over the past ten years, compared to 1.6 billion the previous decade. Developing countries have borne the brunt of these catastrophes, accounting for over 95 percent of all casualties.
IEG has undertaken a number of initiatives looking at the World Bank Group’s support for natual disaster relief. These evaluations aim to provide an opportunity for the institution to learn from the past experiences and to inform emerging strategies and programs.