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Ensuring Sustainable Development: The need to invest in disaster risk reduction

Countries
World
Sources
ACT Alliance
+ 3 more
Publication date

The Finance for Development Agreement presents an opportunity for disaster risk reduction (DRR) funding to be institutionalised. As negotiations for the Agreement continue, we as members of civil society call on developed countries to commit to:

  1. Incorporate resilience building as a condition for providing Overseas Development Assistance (ODA) to ensure that all new investments are risk informed, reduce risk, and are acceptable for those people who bear any new risk. e.g. through the introduction of resilience markers in funding applications.

  2. Allocate 5% of ODA as funding for DRR specific activities1.

  3. Provide a percentage (50%) of national DRR budgets directly to local governments for community-led DRR projects.