How to fund resilience?



• Increase funding for disaster risk reduction and climate change adaptation in national budgets and international assistance (development and humanitarian). 

- Domestic funding for disaster risk reduction should be “ring-fenced” in national budgets and mainstreamed into sectoral budgets. Tools such as budget tagging and the development of national DRR financing strategies can help. 

-  Countries with high vulnerability to disasters, such as the Least Developed Countries, Small Island Developing States, countries in Africa, and countries that are fragile and conflict-affected, deserve increased international assistance. 

• Ensure development is risk-informed. 

-  Development plans should be aligned with disaster risk reduction priorities. Otherwise, development investments that are risk-blind could lead to the creation of new disaster risks or exacerbate existing ones, thus increasing the odds of a disaster. 

• Encourage the private sector to be resilient. 

- Businesses should be incentivised to ensure their investments are riskinformed, as they are responsible for the majority of development in countries. o The financial sector can develop instruments for financing resilience, such as bonds and insurance, and support government efforts through public-private partnerships and blended finance

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