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Risk Coping Tools
For the world's poorest populations, risk is evident in everyday life. From negative weather events such as drought and flood to fluctuations in international financial markets, risk can take many forms and requires innovative global strategies to mitigate.
Risk Management
Risk characterizes everyday life for many of the world’s poorest households. These households are more likely to be located in environments where livelihoods are highly susceptible to weather and price variability and where health risks are pervasive. Reducing the risks faced by poor households, and enabling poor households to better deal with adverse events when they do occur, is essential to improving their welfare in the short run and their opportunities for income growth in the long run.