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Financing of disaster risk reduction needs urgent reform - Op-ed


"Over 20 years, disaster losses in developing nations have amounted to 862 billion dollars (a considerable under-estimate). During this period the international community has spent just 13.5 billion dollars on disaster risk reduction (DRR), equivalent to 40 cents of every 100 dollars of development aid – this has to change," according to Jan Gerald Kellett, Senior Research Advisor on Climate and Environment at the Overseas Development Institute.

In his opinion piece published on the pages of Inter Press Service, Mr Kellett concludes that donor governments should improve the targeting, coordination and integration of disaster risk reduction financing in the near future. In addition, he envisions that the business case for investing in DRR would have to become clearer and stronger.

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Keywords

  • Themes:Disaster Risk Management, Economics of DRR, Governance

  • Short URL:http://preventionweb.net/go/34738

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