Financial arrangements for addressing losses and damages: A disaster risk reduction primer

Sectors and Themes
Disaster Risk Reduction
Expertise Level
Resource Type
Guidance and Frameworks
Developer or Source
Overseas Development Institute (ODI)
United Nations Office for Disaster Risk Reduction (UNDRR)

In this report, a preliminary framework is offered for understanding existing loss and damage finance arrangements from a DRR perspective and identifying gaps in coverage at the national level, using examples from low- and middle-income countries to show where these need to be strengthened and scaled up.

The report proposes a national loss and damage finance framework for extreme weather events and for slow-onset processes based around the following concepts:
• Risks can be avoided or un-avoided and they may, in certain circumstances, be unavoidable;
• Loss and damage can be economic or non-economic;
• Loss and damage can be direct (immediate) or indirect (knock-on effects), requiring different types of finance;
• The volumes of finance needed will increase over time.

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