Pacific countries strengthen disaster finance strategies
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Suva – Pacific island countries are seeking to broaden and strengthen their disaster risk financing strategies as a key element of addressing the ongoing Climate Emergency.
With climate change remaining the biggest threat – even in the era of a pandemic – there is a pressing need for countries to invest in financial protection measures to enable quicker and more effective response. It is an approach that represents an investment, not a cost, to save lives, protect livelihoods and reduce poverty in a time of escalating climate risk.
This stronger approach to risk management, based on greater financial resilience, was the theme of the third webinar of Pacific Resilience Partnership (PRP): ‘Expect the Unexpected: Saving for a Rainy Day.’