Wednesday 28 September 2022

Natural Disasters Such as Otto and Nate Left Losses of More Than ¢400 Billion Colones

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28 September 2022 - At The Banks - BCCR

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According to data from the Comisión Nacional de Emergencias (CNE) – National Emergency Commission, total losses due to the Hurricane Otto almost two years ago, amounted to ¢130 billion colones, while Tropical Storm Nate last October required an investment of around ¢309 billion colones, without taking into account It counts the recent events by the passage of several tropical waves on national territory.

Specialists taking part in the X Forum On Risk encourage the government to invest in prevention as disasters are increasing and have a strong impact on public finances.

Strongly advocating for prevention as a solution to the problems facing the country with natural disasters, the CNE held the X Foro Nacional sobre Riesgo (X Forum on Risk) with emphasis on analyzing the increasingly recurring impact of disasters on public finances and, therefore, the importance of investing in the issues of reduction, preparation and recovery in order to contribute to the development of the country and the well-being of the Costa Rican population.

More than 300 people from public and private institutions and organized civil society participated in the forum.

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The X Risk Forum is an annual event that functions as an accountability mechanism to outline the work of the CNE and the National Risk Management System (SNRG), made up of 349 public institutions, 78 from the private sector and 26 organizations of civil society.

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