There are many factors that prevent an economy to achieve all successful macroeconomic objectives which includes instable political condition lack of civic sense man-made and
natural disasters etc.
This paper focuses on one particular kind of turbulence: so-called "acts of God"; i.e.,
natural disasters like floods, droughts, waves, fires and other extreme weather events.
Amongst all of the countries in Europe, Romania is one of the most exposed to
natural disasters, especially floods, extreme temperatures, storms, earthquakes, landslides and drought.
Natural disasters impact countries of origin frequently.
The
Natural Disasters Risk Index (NDRI) was compiled by Maplecroft, a British risk advisory firm.
Since 2017, The Coca-Cola Foundation has donated more than $5 million to the Red Cross to assist with
natural disasters in the U.S.
Release date- 26082019 - In response to recent
natural disasters, the Federal Emergency Management Agency has published a national mitigation investment strategy, which is intended to provide 'a national, whole-community approach to investments in mitigation activities and risk management across federal, state, tribal, territorial, and local government and the private and nonprofit sectors.'
"The past several years have presented a distinct challenge for California in terms of
natural disasters, with a succession of catastrophic wildfires, mudslides and most recently, earthquakes," Jennifer Knox, IICF Western division board chair and senior vice president of Swiss Re Corporate Solutions.
The European Union has assisted the Latin American and Caribbean region in all major recent
natural disasters, be it hurricanes, forest fires, floods or volcanic eruptions.
'We encourage spreading public awareness about the actions that can be taken to avoid losing property or life in
natural disasters. Sub-national and national authorities must continue raising public awareness and preparing equipment to help those affected.
World Bank documents showed the Washington-based multilateral lender's board was expected to tackle in November the proposed Promoting Competitiveness and Enhancing Resilience to
Natural Disasters Development Policy Loan, which, if approved, would be implemented by the Department of Finance.
In 2018, there have been a series of
natural disasters in several regions of Indonesia, such as in Lombok, Palu, Donggala, Sigi and the area around the Sunda Strait which caused damage and casualties.
