Financing Disaster Risk Reduction for Sustainable Development in Asia and the Pacific

This technical document exposes how resources are used, and looks at two specific financing tools – parametric insurance and international risk pooling mechanisms – for countries to consider for DRR purposes. Both tools have the potential to significantly reduce disaster risks at multiple levels of society. It looks at the impacts of natural disasters on sustainable development in Asia and the Pacific as well as the effectiveness of DRR investments. This is followed by an overview of current DRR efforts made by governments and international donors from a financing perspective.