This paper argues that there is a need for a new policy framing that Disaster Risk Reduction (DRR) investment is imperative that will generate dividends for governments and society at large. Under the auspice of the Sendai Framework for disaster risk reduction, governments around the world and international communities are urged to develop DRR strategies to not only aimed at reducing mortality and disaster losses but also provide multiple benefits to the society including achieving Sustainable Development Goals.
The study generated a global index that measures disaster risk reduction investment committed by 22 countries. The findings suggest that investment in disaster risk reduction remains low in high risk but low to middle - income countries in contrast to higher-income countries such as the Organisation for Economic Co-operation and Development (OECD) group. Insights from the research suggests that the concept of entrepreneurial government is needed in order to be more ambitious in triggering, facilitating and initiating investment in disaster risk reduction in a broader framework.