Tracking International Financing for Disaster Risk Management

Date & Time:
Tuesday 21 May (13:00-13:55)

Room:
Room 18

Participation:
Open

Organizer:
Global Facility for Disaster Reduction and Recovery (GFDRR)
The United Nations Office for Disaster Risk Reduction (UNISDR)
Food and Agriculture Organization of the United Nations (FAO)

Description

Transparency on aid flows is an important tool for accountability for recipients and donors alike. More detailed and comprehensive information on international cooperation supports better informed decision-making and planning for aid allocation and targeting. Specifically for disaster risk reduction, there have been challenges in tracking aid flows due to lack of standardized definitions and tracking methodologies, with inadequate procedures for accounting for direct investments or quantifying DRR components in sector investments. The Disaster Aid Tracking (DAT) initiative is pursuing collaborative development of a global system for tracking investments in disaster risk reduction, reconstruction and recovery.

The aims are to: 

- Build consensus on the definitions and classification criteria for DRR related activities at all levels.

- Establish protocols for quantifying DRR related components in humanitarian and development aid flows.
- Integrate the derived disaster risk reduction tracking.
- Methodology and accounting procedures into global systems such as the OECD’s Creditor Reporting System.

The side event will launch the DAT portal (http://gfdrr.aiddata.org) as well as the first global DAT analytical report. The aim is to build a coalition among donors and other stakeholders for enhanced classification and reporting of disaster risk reduction related aid flows. Insights will be provided by the Inter Agency Standing Committee’s (IASC) analysis of how preparedness for emergency response is financed both domestically and internationally at the national level. Discussion will focus on improved alignment of international aid tracking and domestic account coding for DRR and recovery for national planning and decision-support.

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