Practical Solutions to Enhance Disaster Risk Reduction Finance

Scaling up disaster risk reduction and resilience demands sustainable and predictable funding. Yet, many countries grapple with disaster-related debt and inadequate disaster risk reduction financing. To address this, it is essential to not only prioritize disaster risk prevention alongside preparedness and response, but also to reform regulatory environments, ensuring disaster risk is integrated into both public and private investments. Innovative financial mechanisms, frameworks, and partnerships are crucial to efficiently mobilize resources and direct funding where it is most needed. The focus is on three key areas: (1) making international financing more cohesive and accessible, including for smaller countries; (2) mobilizing domestic investments in disaster prevention and preparedness; and (3) engaging the private sector to boost investments in both national and international disaster risk reduction investments.