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Strengthening resilience of Small and Medium-sized Enterprises
According to the Asia-Pacific Disaster Report (ESCAP, 2019) annual economic losses due to disasters are expected to reach up to USD $675 billion in the next years. Especially small and medium-sized enterprises (SMEs) are vulnerable to the impacts of natural hazards as they often show low investments in disaster resilience or business continuity management.
The Global Initiative on Disaster Risk Management (GIDRM), commissioned by the BMZ (German Federal Ministry for Economic Cooperation and Development) and implemented by GIZ (German development agency), has been working on increasing the capacity and awareness on disaster and climate resilience of small and medium enterprises and to unlock private sector investments for enhanced resilience in Asia-Pacific for several years.
This report explains the objectives of this initiative as well as the approach of these organisations.