Global Drought Outlook Report

Global Drought Outlook Report : The OECD (Organisation for Economic Co-operation and Development) has recently released the Global Drought Outlook Report.

• About the Report: Focuses on how countries can improve drought management in the face of climate change.

o Highlights the growing impact of droughts on people, ecosystems, and economies.

 oOffers practical policy ideas to reduce losses and support long-term adaptation to drier conditions.

• Key Findings: Global Threat: 40% of the world’s land is now facing more frequent and intense droughts.

o Economic Losses: Drought-related economic damage is rising by 3% to 7.5% annually.

o By 2035, drought losses are expected to grow by at least 35%.

o Since 1980, 37% of land has dried, with falling river and groundwater levels.

• About OECD : Group of 38 countries that believe in democracy and free-market economies.

o Most member countries are developed and support open, competitive economies.

o Formed : December 14, 1960, by 18 European nations + USA + Canada  ;  HQ: Paris, France.

o Goal: Create policies t promote prosperity, equality, opportunity, and well-being for everyone.

o The OECD publishes economic reports, data, and forecasts on global growth trends.

o India is not a member, but it closely works with the OECD on many issues.