The Hyogo Framework, adopted in the aftermath of the Indian Ocean tsunami, has been a catalyst for increased DRR funding.
19 September 2013, GENEVA –
The head of the UN Office for Disaster Risk Reduction, Margareta Wahlström, today welcomed the results of a new OECD survey of eleven donors which finds that “all respondents reported that their DRR funding has either slightly, or significantly, increased since the launch of the Hyogo Framework for Action (HFA) in 2005.”
The Hyogo Framework for Action was adopted by all UN member States following the Indian Ocean tsunami as an action plan for reducing mortality and economic losses from disasters. It expires in 2015 when it will be replaced by a new global framework to be agreed at the Third World Conference on Disaster Risk Reduction in March, 2015, in Japan.
Ms. Wahlström said: “It is very difficult to track donor funding to disaster risk reduction as DRR investments are not specifically identified in most donor systems. The reality is probably that much more money is being spent on risk reduction than we realise at the moment. Another reality is that in a world which has suffered $2.5 trillion in direct economic losses over the last 13 years, investment in disaster risk reduction needs to grow dramatically.”
The survey found that DRR investments make up a low but growing percentage of total Overseas Development Aid (ODA) disbursements each year. It was in the range of 0.4% in 2010 and 2011 or $500 million according to OECD records.
Six of the eleven donor respondents expected future funding to increase slightly due to factors such as increased ministerial attention to DRR, new policy focus on resilience, mainstreaming of DRR throughout development assistance programming and stronger links between DRR and climate change programming.