Cambodia exposed to large fiscal risks from disasters
Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in the world with more than 1.6 billion people affected by natural catastrophes since 2000. “Disasters disproportionally affect the poor, vulnerable and marginalised,” it said. “Disasters can also push affected households further into debt with the poor carrying the greatest debt burden.” …
http://usa.chinadaily.com.cn/world/2012-12/20/content_16035026.htm
