On Facing Disasters: Incorporating Financial Planning and Emergency Preparedness

Photos courtesy of freedigitalphotos.net
On the second half of 2013, we have seen and experience tumultuous numbers of natural disasters, man-made catastrophe typhoons, armed conflicts brought about by political and ideological indifferences, and earthquakes.
These incidents have inculcated in the minds of many how to these disaster may it be man-made or caused Mother Nature have devastated and cause disruption on our lives and our daily routines. In one statement made by an disaster and risk management expert on TV that the “Typhoon Yolanda will be benchmark for disaster preparedness in the years to come” if there will any more Category 5 storms coming in the archipelago in the years to come.
The tragedy of these events made a deep impact to the consciousness and minds of Filipinos. Seeing the extent of damage is overwhelming for our local and national government in which it is already overburdened and limited resources are stretched to the limit. With aid coming the private sector and international relief pouring in as well to help mitigate the needs of these affected folks.

Are we prepared for these types of disasters?

Many experts believe we are still ill prepared for such disasters and take for granted the warnings. But we can take the initiative of preparing for such disasters This year, Australian Agency for International Development (AusAID) together with Metro Manila local governments units and other national agencies had made an assessment and released their report on the earthquakes and active fault lines in Metro Manila and nearby areas. Their predictions proved in a possible event of a 7.2 magnitude earthquake will hit the metropolis alone there will be an estimated 37,000 fatalities.
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