{"id":27162,"date":"2008-07-02T11:55:00","date_gmt":"2008-07-02T11:55:00","guid":{"rendered":""},"modified":"2020-05-14T18:37:10","modified_gmt":"2020-05-14T18:37:10","slug":"2162-un-proposes-1-billion-disaster-fund","status":"publish","type":"post","link":"https:\/\/dialogue.earth\/en\/uncategorized\/2162-un-proposes-1-billion-disaster-fund\/","title":{"rendered":"UN proposes $10 billion disaster fund"},"content":{"rendered":"

Existing responses to floods and earthquakes should be boosted with a permanent facility, possibly under UN auspices, the report said.
\n 
\nThe fund should reimburse disaster-hit countries for one-quarter of the damage caused, the report said. To provide the money, countries would be assessed according to their means, and poor countries would not have to contribute, it said.<\/p>\n

In a separate report, a Chinese provincial official was quoted as saying direct economic losses caused by the May 12 earthquake in southwest China have already exceeded 1 trillion yuan (US$146 billion).<\/p>\n

See full story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A United Nations report on world economic insecurity has proposed a US$10 billion global fund to help developing countries cope with natural disasters that are occurring with greater frequency and ferocity. 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