OECD study: Hyogo Framework boosts funding for disaster risk reduction

Devastation caused by an earthquake in Pakistan in 2005.
Devastation caused by an earthquake in Pakistan in 2005.
Credits: UN Photo/Evan Schneider

A recent study conducted with eleven member States of the Organisation for Economic Co-operation and Development (OECD) found 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”, as UNISDR reported. The HFA is an international action plan adopted by all UN member States to reduce mortality and economic losses from disasters.

The head of the UN Office for Disaster Risk Reduction, Margareta Wahlström, welcomed the results of the OECD survey: “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.”