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International Recovery Platform

Disaster risk financing in concert

Reducing the impacts of weather extremes and disasters is a fundamental part of building longer-term climate resilience. Yet, currently, for every $10 spent on humanitarian response, only $1 is spent on reducing and managing risks. This imbalance must be reversed. This paper argues that the creation of coordinated DRF systems between government and humanitarian partners, such as CSOs and the UN, would help to catalyse even more effective disaster response and recovery. Currently, government and humanitarian systems are developing in insolation along traditional humanitarian-development divides; this risks replicating some of the challenges of the existing system. DRF in Concert, where all partners work together to quantify risks in advance of disasters, pre-position funds and release them in a coordinated way according to pre-agreed, aligned plans, should be a crucial component of national disaster risk management strategies. In line with the objectives of the World Humanitarian Summit 2016, this is about a system-wide shift toward more predictable, rapid financing, better coordination and strengthened national delivery capacity and preparedness. This type of system is needed now more than ever as we face escalating humanitarian needs associated with the impacts of climate change.

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