Meeting to bring together government officials, industry experts, private sector and stakeholders from over 20 countries to explore innovative ways of managing disaster risk and financing for sustainable development.
Mumbai is set to host the second meeting of the Disaster Risk Reduction Working Group (DRRWG) from 23-25 May 2023. The meeting aims to bring together government officials, industry experts, 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. With the increasing number of natural disasters and climate change-related risks, the DRRWG meeting with high-level dialogue on financing for development is an opportunity to call-for-action on finance for DRR.
The DRRWG meeting will cover public and private financing, social protection, knowledge sharing, and international financing mechanisms for disaster response, recovery and reconstruction. In addition, the event will 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.
Various other agendas including the establishment of a national framework, incentivizing private investments, and supporting disaster preparedness will also be discussed. The meeting will pave the way towards a more resilient future.
Apart from G20 member countries, international organizations like Coalition for Disaster Resilient Infrastructure, and important Indian key stakeholders like 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 in the second DRRWG meeting.
The DRRWG meeting is expected to provide valuable insights and solutions for managing disaster risks and financing for sustainable development