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The Economics of Disaster Risk Management in Nepal
Abstract
Nepal is highly vulnerable to many disasters and substantially increasing every year. It has been creating an adverse impact on human lives, livelihoods, and infrastructures. The primary objective of this study is to state the human causalities and economic loss from disasters in Nepal and suggest institutional and system reforms for effective disaster risk management in the country. This is an analytical study based on secondary data. Data published from various government and non-government organizations are used to analyse the situation. Although the findings of the study reveal that the Government of Nepal has been continuously carrying out many efforts for fighting against various levels of disasters in the country, it concludes that additional efforts are needed from the federal to the local level at all phases of disaster management including preparedness, response, and recovery. It is also important to integrate disaster risk reduction and climate change adaptation policies, plans and programmes into national development.
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