Mobilizing Public Sector Expenditure for Risk Reduction

Global agreements like the 2030 Development Agenda, the Paris Agreement, and the Addis Ababa Action Agenda and the Sendai Framework stress the importance of investing in disaster risk management/reduction (DRM and DRR) for sustainable development. At the regional level, the Africa Regional Strategy for Disaster Risk Reduction led to the creation of the Programme of Action (PoA) to enhance domestic financing for DRM and climate change adaptation (CCA).

Despite recognition of the need for increased public sector investments in DRM, funding remains inadequate and primarily focused on disaster response rather than risk management.

Few countries track climate and disaster-related investments, while it is essential to assess and align resources with strategies to close funding gaps and achieve policy goals