Asian Development Bank

Risk Financing for Rural Climate Resilience in the Greater Mekong Subregion Asian Development Bank

Rural communities in the Greater Mekong Subregion (GMS) are vulnerable to climate-related disasters. In 2008, tropical cyclone Nargis killed 84,500 people and impacted the livelihood of 2.4 million people. In 2011, large-scale floods in Thailand affected 14 million people and caused $45.7 billion in damages. This report presents findings of a climate risk financing study conducted by the GMS Core Environment Program in 28 rural communities in Cambodia, the Lao People's Democratic Republic, and Viet Nam. Learn more about how communities cope with climate hazards, how this study contributes to the knowledge base on rural climate risk financing in the GMS, and how it can become the basis for more comprehensive feasibility studies on climate risk financing.