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International Cooperation in Disaster Risk Reduction: Target F
This report highlights low levels of investments in disaster prevention and disaster risk reduction for the world’s most vulnerable countries. It throws into stark relief how little investment there is in disaster risk reduction against a backdrop of major planetary emergencies, including a doubling of major disaster events over the last 20 years. The costs benefits of investing in prevention and resilience have been demonstrated time and time again, but for every US$100 of disaster related Overseas Development Assistance (ODA), only 50 cents are invested in protecting development from the impact of disasters.
Key report findings include:
- Financing for disaster risk reduction makes up a small fraction of overall investments in development aid;
- US$ 133 billion of disaster-related ODA has been made available between 2010-2019: this is 11% of overall aid (US$ 1.17 Trillion).
- Of this, US$ 5.5 billion was aimed at risk reduction measures before disasters strike, compared to US$ 119.8 billion spent on emergency/ disaster response and US$7.7 billion for reconstruction, relief, and rehabilitation.
- Of overall disaster-related ODA between 2010-2019, the US$5.5 billion spent on DRR accounts for just 0.5% of the total amount spent on disaster-related aid.