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FAO report: Economic assessment of drought risk management

The Food and Agriculture Organization of the United Nations (FAO) has released a new report called “Economic assessment of drought risk management – A two-tier framework for cost-benefit analysis of proactive versus reactive drought management".

Female farmer in a the field, Madagascar

The report explores the economic impacts of taking proactive measures on drought risk management. It clarifies how to properly account for the costs and benefits of proactive action, allowing for a deeper comprehension of comparing the advantages of action versus the costs of inaction.

The publication sets out a framework to guide decision-making on investments in proactive drought management. It proposes a two-tier evaluation of proactive measures, first assessing their economic feasibility, and then prioritizing the economically viable options.

An e-learning module format of the report is also available.

  • Visit the e-learning module here.
  • Download the publication here.

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