Socioeconomic Analysis of the Potential Benefits of Modernizing Hydrometeorological Services in the Lao People’s Democratic Republic
The Lao People’s Democratic Republic (PDR) is exposed to significant climate and disaster risks. The country’s rapid economic development can put more people and assets at risk from natural hazards, if investments in risk reduction, planning, and p...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/842621563163324249/Socioeconomic-Analysis-of-the-Potential-Benefits-of-Modernizing-Hydrometeorological-Services-in-the-Lao-People-s-Democratic-Republic http://hdl.handle.net/10986/32199 |
| Summary: | The Lao People’s Democratic Republic
(PDR) is exposed to significant climate and disaster risks.
The country’s rapid economic development can put more people
and assets at risk from natural hazards, if investments in
risk reduction, planning, and preparedness are not made. The
results of this analysis show that the contribution of
hydrometeorological information to socioeconomic development
in Lao PDR is expected to be very high, particularly due to
the potential benefits for the energy and tourism sectors
and their contribution to gross domestic product (GDP). The
results of this study support the conclusion that hydromet
information is critically important for Lao PDR and that
investments in the hydromet sector are expected to be highly
profitable from socioeconomic perspective. |
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