Financing Disaster Risk Management in the Philippines: A Three-Year Snapshot, 2018-2020
The need for disaster risk reduction (DRR) measures rises with more frequent and stronger disasters. Thus, disaster risk financing (DRF) systems should be prompt, adequate, and responsive to cater to the needs of the vulnerable sector, especially in the Philippines, being the ninth most vulnerable country in the world (Bündnis Entwicklung Hilft, 2020). However, disaster risk management (DRM) funding in the country is insufficient and unpredictable (Villacin, 2017), indicating deficiencies in the national DRF architecture. The development of a robust risk financing mechanism has been hampered by a lack of information on the nature, volume, and flows of funds from various sources.
This document showcases a three-year snapshot of Disaster Risk Financing in the Philippines.
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