New Push for Disaster Risk Reduction in High-Risk Developing Countries
The UN’s International Strategy for Disaster Reduction (ISDR) and the World Bank have launched a joint initiative for disaster risk reduction through preparatory action and for speedier disaster response. Through the new Global Facility for Disaster Reduction and Recovery (GFDRR), the World Bank will contribute $5 million annually to ISDR for three years to help promote disaster risk reduction in countries at risk. The Facility will provide expertise and technical assistance to low and middle income countries to build risk reduction efforts into poverty reduction and development policies. It is also to support ISDR global advocacy campaigns and the development of a PreventionWeb for related information. The “Global Hotspots Analysis” carried out by the World Bank and Columbia University identifies 86 vulnerable countries with risks of high mortality and economic loss. The study found that nearly one-fourth of the total land area and more than three-fourths of the world’s population are subject to a relatively high risk from one or more hazards.