Integrated approach for cost-effective disaster risk management
This paper explains the framework developed under the Asian Development Bank’s technical assistance project, Integrated Framework for Cost-Effective Disaster Risk Management, which can be used by decision-makers in deliberating disaster risk management (DRM) measures in the process of disaster resilience investment.
The paper highlights the integrated approach for DRM, that is, a comprehensive exploration of disaster risk reduction and residual risk management measures. It outlines the prioritization process based on cost-effective approach, allowing decision-makers to consider the direct benefits and co-benefits of DRM measures and make inclusive and robust decisions in the context of high uncertainties due to climate change and socioeconomic development, and with budgetary and capacity constraints.
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