Disasters continue to pose a serious challenge on humanity. The United Nations (UN) says countries with the highest exposure to disaster risk often have low capacity to mitigate them. Current economic losses from disasters amount to an average of $50 billion annually in the region, while average annual losses are projected to reach $160 billion by 2030.
Notably, these economic costs do not tell the entire story. The assessments are made based on asset losses; they do not capture the impact on livelihoods, consumption and future prospects. With the inclusion of well-being losses, the average annual estimates rise to $350 billion.
This is why our Foundation takes keen interest in being involved in management of disasters.
To reduce human exposure to effects of disasters by supporting disaster risk management efforts and, also, support disaster response ventures through provision of relief and recovery interventions.
By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters.
• Increased vulnerability of local communities to predictable weather patterns that exposes them to disasters
• Low financing of disaster risk management efforts by communities
Support disaster risk management efforts by communities and governments to contain hazards that precipitates disasters.
Respond to effects of disasters through provision of relief items to people affected by disasters and also support them with recovery interventions.
Areas of Focus
• Disaster Risk Reduction Financing
• Disaster Response and Recovery Financing