theIASHub | 23 Jun, 2025 | 23
Global Drought Outlook Report : The OECD (Organisation for Economic Co-operation and Development) has recently released the Global Drought Outlook Report.
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.
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.
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.
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