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Monday, December 11, 2023

Disaster Risk Financing to take centre stage at 2nd G20 DRRWG meeting

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HT Bureau

GUWAHATI, May 10: The second meeting of the Disaster Risk Reduction Working Group (DRRWG) is set to take place in Mumbai from May 23-25. The gathering will bring together government officials, industry experts, the private sector and stakeholders from more than 20 countries to explore innovative ways of managing disaster risk and financing for sustainable development. The meeting will enable G20 countries to identify opportunities and explore innovative financing mechanisms to reduce the impact of disasters on vulnerable communities.

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The DRRWG will also host side events on infrastructure risk assessment tools and data platforms and the importance of adopting a ‘build back better’ approach that incorporates ecosystem-based approaches and engages local communities. The various other agendas including the establishment of a national framework, incentivizing private investments, and supporting disaster preparedness, will pave the way towards a more resilient future.

In addition to the G20 member countries, the invited countries and international organizations like the Coalition for Disaster Resilient Infrastructure, important Indian key stakeholders like the Ministry of External Affairs of the Government of India, National Disaster Management Authority, National Institute of Disaster Management, National Disaster Response Force are expected to participate at the second DRRWG meeting.

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The Hills Times
The Hills Timeshttps://thehillstimes.in/
The Hills Times, a largely circulated English daily published from Diphu and printed in Guwahati, having vast readership in hills districts of Assam, and neighbouring Nagaland, Meghalaya, Arunachal Pradesh and Manipur
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