STORY HIGHLIGHTS

• Because natural disasters tighten poverty’s grip on communities worldwide, disaster risk reduction goes hand in hand with poverty reduction, and vice versa

• A new World Bank report finds the impact of extreme weather on poverty is more devastating than previously understood, responsible for annual consumption losses of $520 billion and pushing 26 million people into poverty every year

• Targeted resilience-building interventions protect poor people from adverse weather events and can help countries and communities save $100 billion a year