Financing local investment through risk informed and bankable strategies
Investing in disaster risk reduction is a precondition for developing sustainably in a rapidly changing climate. It is estimated that global investments of €1.6 trillion in appropriate disaster risk reduction strategies could avoid losses of €6.4 trillion. However, the current level of DRR finance does not match the scale of the challenges. While several tools are available to support the development of inclusive local disaster risk reduction strategies and action plans, the challenge has been the conversion of the actions in these strategies into bankable projects. This GPDRR2022 session looks at how technical and institutional capacity may be developed at the local level to prepare and coordinate complex resilience project portfolios that can attract finance.
This session allowed to:
- Analyse existing gaps and challenges hampering the ability to access and mobilise required financial resources;
- Understand how local governments and communities, including women’s organisations, have accessed funding and finance;
- Discuss practical solutions for developing risk informed and bankable resilience projects;
- Identify opportunities for increasing national budgetary allocations and city revenue generation for DRR;
- Deliver recommendations on what more needs to be done by stakeholders.
- Maruxa Cardama - Secretary-General, Stichting Partnership on Sustainable, Low Carbon Transport (SLoCaT) Foundation
- Rocco Guarino - President, Provincia di Potenza, Italy
- Samir Arfaoui - Head, Administrative affairs department, Tunisia
- Tiza Mafira - Associate Director, Climate policy initiative
- Godavari Dange - Secretary, Swayam Shikshan Prayog, Grassroots Women's Federation
- Sameh Wahba - Global Director, Urban, Disaster Risk Management, Resilience & Land Global Practice, World Bank Group