Asia's natural disasters must not become financial crises

The catastrophic flooding in Nepal has demonstrated, once again, the devastating human and economic toll of climate change. The immediate priority must be to save lives and support affected communities. But the devastation also highlights how physical hazards can quickly morph into macroeconomic shocks. These events have different causes and no single disaster should be casually attributed to El Nino or climate change. Nonetheless, the World Meteorological Organization expects a strong El Nino

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