TS2: Unlocking Financial Potential: Scalable Solutions for Resilient Recovery

Insufficient recovery finance directly increases the human and financial impacts of disasters, setting back development gains and increasing future risk of disasters. Many governments encounter challenges in securing recovery financing due to a lack of readiness: often, financing mechanisms are not established beforehand, resources have not been allocated or are slow to arrive, and there are no established procedures for the quick reallocation and disbursement of funds. To mitigate disaster impacts and promote faster reconstruction, it is essential to prioritize financial readiness, including through better public financial management.

This session aims to identify these critical gaps in recovery financing while presenting actionable solutions for governments, the private sector, and community organizations to have the financial means to recover from disasters. The session will review how disaster risk financing can be integrated into national DRR strategies, outlining financing mechanisms at macro, meso, and micro levels.

The session will showcase experiences and resources from government entities, the private sector, donors, and community organizations, fostering resilience and promoting inclusive recovery efforts. Through engaging discussions, stakeholders will learn how to enhance recovery financing, ensuring that countries and communities can build back stronger, faster, and more inclusively in the face of future challenges.

Session objectives:

• Identify obstacles and gaps in recovery financing
• Share actionable solutions to achieve more inclusive and comprehensive financial coverage for recovery efforts
• Underscore the importance of disaster risk financing strategies and good public financial management for recovery

Live stream: