In the aftermath of a disaster, someone must pay the bill. Sometimes, the government covers most of the expenses, and sometimes, bills are left unpaid. However, national governments are improving their response to physical and financial risks by learning about the contingent liabilities of disasters in the finance of countries. In this panel, we will explore how governments are getting ready to pay the bills, the financial tools they are using, and the cost of not investing in adaptation to climate change and risk reduction activities.
“Disaster risk financing supplements and connects many policy areas to help countries be more effective risk managers. Coordination is a common challenge, and by working on improving processes and risk information as much as possible, governments can manage disasters more efficiently.”
Mirtha Escobar
“It is important that resources reach beneficiaries in a timely, transparent, and accountable fashion, which requires effective administrative and institutional systems.”
Pak Maliki
