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Investing in disaster risk reduction is a precondition for developing sustainably in a rapidly changing climate. It is estimated that global investments of €1.6 trillion in appropriate disaster risk reduction strategies could avoid losses of €6.4 trillion. However, the current level of DRR finance does not match the scale of the challenges. While several tools are available to support the development of inclusive local disaster risk reduction strategies and action plans, the challenge has been the conversion of the actions in these strategies into bankable projects. This session looks at how technical and institutional capacity may be developed at the local level to prepare and coordinate complex resilience project portfolios that can attract finance. 

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