| Abstract: | Abstract Developing countries are vulnerable to extremes of normal climatic variability, and climate change is likely to increase the frequency and magnitude of some extreme weather events and disasters. Adaptation to climate change is dependent on current adaptive capacity and the development models that are being pursued by developing countries. Various frameworks are available for vulnerability and adaptation (V&A) assessments, and they have both advantages and limitations. Investments in developing countries are more focused on recovery from a disaster than on the creation of adaptive capacity. Extreme climatic events create a spiral of debt burden on developing countries. Increased capacity to manage extreme weather events can reduce the magnitude of economic, social and human damage and eventually, investments, in terms of borrowing money from the lending agencies. Vulnerability to extreme weather events, disaster management and adaptation must be part of long-term sustainable development planning in developing countries. Lending agencies and donors need to reform their investment policies in developing countries to focus more on capacity building instead of just investing in recovery operations and infrastructure development. |
