Publication

Economic losses from disasters are increasing. Despite these escalating losses, more than 95% of humanitarian finance is still spent on responding to disasters and their aftermath, with less than 5% spent on reducing the risk of disasters. Without a major increase in investment to reduce current and future risks, spending on relief and reconstruction is likely to become unsustainable. This paper considers what is needed to strengthen disaster risk management (DRM) over the next two decades and strategies to embed DRM in the international policy frameworks to achieve this.