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“In tomorrow’s world, the most resilient countries will thrive. Disasters are becoming more frequent, more costly and more devastating. Direct costs now top $200 billion a year, with the true figure closer to $2.3 trillion. Without urgent investment in resilience, the risks we face will become increasingly uninsurable.
On International Day for Disaster Risk Reduction, the IDF DRR Working Group is calling for action: fund resilience now, not disasters later.
Through partnerships with the Asian Development Bank in the Pacific, we’re helping governments embed resilience into infrastructure, so projects remain bankable and insurable.
We join the calls urging governments and donors to scale up DRR financing, integrate risk reduction into climate and development spending, and strengthen public–private partnerships to secure affordable protection.
This year’s Financing for Development summit in Seville marked a milestone: for the first time, governments formally committed to scale up DRR financing to safeguard development gains. From integrating disaster risks into fiscal planning, to enabling rapid access to pre-arranged finance, to embedding resilience in financial regulation and debt sustainability assessments, El Compromiso de Sevilla sets a new global roadmap.
Every $1 spent on resilience saves $4 in avoided losses. That’s why disaster risk reduction is not just about saving lives, but also about protecting development gains, reducing humanitarian crises, and safeguarding insurability.”
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