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The report by the Global Facility for Disaster Reduction and Recovery (GFDRR) attached to the World Bank said that it was almost half way to flooding, while flood-related transport disruptions cost more than $ 100 million per year.
The GFDRR Secretariat is housed at the World Bank headquarters in Washington, D.C. with satellite offices in Brussels, Tokyo and Geneva.
However, the World Bank report calls for low and middle income countries in Tanzania to invest in resilient infrastructure which would cost $ 4.2 trillion, but the benefit is $ 4 in each $ 1 invested.
The furnace essential infrastructure systems that should be invested in water, sanitation, transport and telecommunications.
Investing in resilient infrastructures will not only be cost-effective, but also help to minimize the consequences of natural disasters for the livelihoods and well-being of people, it said.
It says that the tools of disruptions to power, water, communication and transport affect the productivity of firms, incomes, jobs more direct impacts to people's quality of life. Often it becomes impossible for children to get to grips with the spread of water-borne diseases like cholera.
World Bank Group President David Malpard said that resilient infrastructure is not enough. "It is about the people, the households and the communities for which it is a better infrastructure, better education and better livelihoods."
He stated that investing in resilient infrastructure is about unlocking economic opportunities for people.
"This report offers a safer, more secure, inclusive and prosperous future for all," he said.
World Bank Senior Director for Climate Change, John Roome said infrastructure investors, whether governments, development banks or the private sector should understand that investing in infrastructure is both sound and profitable. "It is not about more, but about spending better," he declared.
Stephane Hallegatte, lead author of the report said it is cheaper and easier to build resilience if governments look beyond individual assets like bridges or electric poles, and understand the vulnerabilities of systems and users.
"In so doing, any system can be better designed and more widely available," he pointed out.
The report also finds that the lack of resilient infrastructure is more important.
Natural disasters, for instance, costing about $ 18 billion a year in low- and middle-income countries.
Disruptions caused by natural hazards, at least $ 390 billion a year in low- and middle-income countries.
The report suggests that governments have an important role in infrastructure and that they can
It demands that resilience be included in regulations and incentives as financial incentives can be accounted for.
Encouraging service providers to go beyond just meeting mandatory standards is vital, the report intoned.
According to the report, the right kind of financing at the right time of the day it added.
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