Home » Drought Finance Tracker ‘2.0’ launched

Drought Finance Tracker ‘2.0’ launched

The Food and Agriculture Organization of the United Nations (FAO) Land and Water Division has launched the second version of its Drought Finance Tracker, a tool designed to monitor country-level financial flows specifically allocated to drought management.

von Patricia Santos | 18.11.24

Source: Penny / Pixabay

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Building on the original platform, the updated tool version now leverages 20 years of data from the Organization for Economic Co-operation and Development (OECD) and introduces enhanced features for improved finance analysis.

Broader range of drought-related projects

Developed in partnership with the Budapest University of Technology and Economics, this version covers a broader range of drought-related projects, including meteorological, agricultural, and hydrological droughts. By integrating advanced information extraction techniques and machine learning, the updated tracker enables more in-depth insights into global finance trends for drought response.

The enhanced Drought Finance Tracker provides decision-makers worldwide with accessible data and tools to analyze and share financial flows, aiming to improve strategic planning and resource allocation for more resilience.

Explore the tool here.

Text source: UN-Water

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