Asia's natural disasters must not become financial crises

Asia's natural disasters must not become financial crises

Arab News Sep 09, 2026 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

Source: Arab News

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Arab News
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September 09, 2026 - 3:35 PM
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Asia's natural disasters must not become financial crises

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