Investing in Resilience: Ensuring a Disaster-Resistant Future
Asian Development Bank
[Excerpt] This report offers an approach and ideas for reflection, inviting readers to consider how we can ensure that the actions that we know are required to strengthen resilience are actually taken. It is primarily aimed at investors in the public sphere, namely governments and their development partners. The report intentionally applies a loose definition of investment and investors, looking well beyond financial outlays on physical infrastructure. It covers the investment of a wide range of resources—including political commitment, human resources utilization, knowledge, know-how, and personal time and dedication—in an extensive array of structural and nonstructural instruments and mechanisms to identify and assess risk, reduce risk, and manage remaining risk. It includes investments in, for instance, institutions, legislative and regulatory frameworks, financing mechanisms, incentives for change, and systems of accountability. It encourages investors to integrate investments in resilience into their own areas and modes of work and to promote, incentivize, and coordinate on the part of the private sector and households. The report is not a manual or handbook and deliberately does not present prescribed courses of action. Instead, it establishes a vision of a resilient future and equips investors with a framework and ideas to identify practical actions that will result in the realization of that vision. The vision shows how resilience can be accomplished through the coordinated action of governments and their development partners in the private sector, civil society, and the international community. It stresses the interconnectedness and complementarity of possible actions to achieve resilience across a wide range of development policies, plans, legislation, sectors, and themes. The vision encourages “investors” to identify and prioritize bundles of actions that collectively can realize that vision of resilience, breaking away from the current tendency to pursue disparate and fragmented disaster risk management measures that frequently trip and fall at unforeseen hurdles.
resilience; disaster; risk management; investment
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