Bangladesh has been recognised as a country at high risk of recurring natural and human induced hazards with an average 10 million people affecting every year. Frequent floods, cyclones, river bank erosion, water-logging, drought and tornadoes significantly disrupt Bangladesh’s economy and the lives and livelihoods of its population. During 1990-2008 country incurred annual loss of USD 2,189 million (1.8% of annual GDP) from disasters and the average annual death toll was 8,241 i.e., 6.27 person per 100,000 inhabitants (Harmeling 2009).