YANGON, Oct. 10 (Xinhua) -- The Myanmar government has launched an action plan on disaster risk reduction-2017 in an effort to boost disaster risk prevention investment in the country.
Second Vice President U Henry Van Thio Monday told a launching ceremony of the action plan that the plan will cover natural hazards as well as man-made accidents, the official Global New Light of Myanmar reported Tuesday.
He stressed the need to mobilize both domestic and international resources to achieve its successful implementation of the action plan, the draft of which began in October 2016.
Myanmar experiences average annual loss of 3 percent of the gross domestic product (GDP) due to natural disaster and over the past three years.
The country saw changes in disaster risk landscape in which small and medium scale disaster and climate-induced disaster such as flood and cyclone are on a rise.
The country's changes in rainfall pattern, sea level rise and temperature increase were blamed for exacerbating the occurrence of disasters in Myanmar.
