Asian Development Bank (ADB) Country Director Robert Schoellhammer and the Minister of Finance of Mongolia Bolor Bayarbaatar today signed a $2 million grant agreement as part of a United Nations-led emergency response for herders and their families afflicted by a protracted climate disaster in Mongolia, known as a “dzud.”
The World Bank Group’s Climate Change Action Plan, adopted today, is designed to help countries meet their Paris COP21 pledges and manage increasing climate impacts.
Story of an island community's efforts to protect their livelihoods and their very existence.
Studies & Presentations
Recent regional climate change projections have consequences for human systems, particularly for developing countries in Asia and the Pacific.
Given a poverty line, a person who is non-poor (poor) currently may not be treated as non-poor (poor) in a vulnerable situation. The poverty line is adjusted in the presence of vulnerability such that the utility of a person at the current poverty line and that at the adjusted poverty line become identical. Using an additive model of vulnerability, it is shown that if the utility function obeys constant Arrow-Pratt absolute risk aversion, then the harmonized poverty line is a simple absolute augmentation of the current poverty line.