Context and background There is a reciprocal relationship between theory, policy and practice. Property valuation as practiced today is elucidated by certain standards and policies which are based on theoretical foundations.

The Central American Dry Corridor (CADC) is among the most climate-vulnerable regions worldwide. Climate change, commonly referred to as a “threat multiplier” of pre-existing socioeconomic issues, already undermines rural livelihoods by reducing agricultural yields and income opportunities.