This interactive event was co-hosted by the UN Office for Disaster Risk Reduction, the UN Department for Economic and Social Affairs, and the Co-Chairs of the Group of Friends for Disaster Risk Reduction.
The side event brought together a variety of development finance practitioners, including from Governments, development cooperation agencies, international financial institutions (IFIs) and the private sector, to engage on a comprehensive approach to financing disaster risk reduction (DRR) that is responsive to country needs, particularly in the time of COVID-19.
Practitioners identified the unique roles each sector will play in developing this approach, and identified recommendations on a way forward, including on the implementation of national DRR financing strategies and resilient investment. Discussions drew on insights from the 2021 Financing for Sustainable Development Report, recent and upcoming UNDRR reports on risk-informed investing and reducing risk and building resilience of small and medium enterprises (SMEs), and analytical work of the Development Cooperation Forum (DCF).
UN Inter-Agency Task Force on Financing for Development
- Opportunities to integrate disaster risk reduction and climate resilience into sustainable finance (2019)
- Reducing risk and building resilience of SMEs to Disasters (2020)
- Ghana: Risk-sensitive Budget Review (2020)
- Disaster Risk Reduction in Indonesia: Status Report 2020
- DCF Survey Study 2020: Toward more effective development cooperation in the COVID-19 period
- DCF Policy Brief: Risk-informed development cooperation and its implications for ODA use and allocation. Lessons for the Decade of Action to Deliver the SDGs (2021)
- DCF Policy Brief: Integrated approaches to climate action and disaster risk reduction: Strengthening the quality and impact of development cooperation (2021)