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Tag Archives: Global Facility for Disaster Reduction

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  • Financing Disaster Risk Reduction: A 20 Year Story of International Aid – This new report from the World Bank’s Global Facility for Disaster Reduction and Recovery and the Overseas Development Institute finds that over the last 20 years a meagre $13.5 billion of development expenditure (less than 0.4%) has been spent on disaster risk reduction. This contrasts to the $862 billion in damage experienced by developing countries and the $93.2 billion the international community spent on emergency response, recovery and reconstruction. The report also reveals huge inequities in the expenditure of this development assistance.