Increasing frequencies of droughts require proactive preparedness, particularly in semi-arid regions. As forecasting of such hydrometeorological extremes several months ahead allows for necessary climate proofing, we assess the potential economic value of the seasonal forecasting system SEAS5 for decision making in water management. For seven drought-prone regions analyzed in America, Africa, and Asia, the relative frequency of drought months significantly increased from 10 to 30% between 1981 and 2018.
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