Announcement: New guidance for financing disaster risk reduction
The United Nations Department of Economic and Social Affairs (UN DESA) and the United Nations Office for Disaster Risk Reduction (UNDRR) published on 29 January the Integrated National Financing Frameworks (INFFs) for Disaster Risk Reduction (DRR) Guidance Note.
This technical guidance aims to address two of the biggest challenges countries face in protecting their development gains from disasters: how to fund risk reduction efforts and how to risk-inform investment decisions? Addressing these challenges is of relevance to all countries, but especially those that are most vulnerable to disasters, including Least Developed Countries and Small Island Developing States.
The Guidance Note provides countries with a roadmap to fortify their resilience against disasters while ensuring sustainable development.
By integrating DRR perspectives into national financing frameworks, countries can ensure a wide range of risks are properly considered and addressed. Meanwhile, building on this technical guidance, countries are able to assess current financial flows to DRR and mobilize the resources needed to achieve their goals.
Developed over two years following the 2022 ECOSOC Forum on Financing for Development, this guidance note has been validated through numerous consultations, most recently with G20 members, where the Note was accepted as one of the key documents of the G20 DRR Working Group.
What's inside the guide:
- A practical framework exploring the four building blocks of INFFs – Assessment and Diagnostics, Financing Strategy, Monitoring and Review, and Governance and Coordination – and how they can support governments in putting an INFF into practice for DRR.
- A compendium of policy options for DRR Financing covering Public Domestic Resources, the Private Sector, and the International Community.
- An implementation plan laying out the next steps to leverage INFFs to align financing policies and strategies with DRR goals, as presented in the Sendai Framework.