Egypt advances disaster risk financing through national workshop

Country: Egypt Source: UN Office for Disaster Risk Reduction Egypt is taking important steps to strengthen its financial resilience to disasters and climate-related risks through the development of a national disaster risk financing strategy. Government institutions, United Nations agencies, and national stakeholders gathered in Cairo for a national workshop jointly organized by the United Nations Office for Disaster Risk Reduction (UNDRR) and the United Nations Development Programme (UNDP), in coordination with the National Committee for Crisis Management and Disaster Risk Reduction affiliate to the Prime Minister's Office. The workshop marked an important milestone in supporting Egypt’s efforts to strengthen risk-informed public financing, enhance preparedness and recovery policies, and reduce the growing impacts of disasters and climate-related shocks on communities, infrastructure, and the national economy. Strengthening risk-informed financing approaches The workshop brought together representatives from national and government institutions to discuss the foundations of a comprehensive national approach to disaster risk financing and resilience planning. Discussions focused on the key determinants and overall structure for developing the national strategy, including frameworks and approaches for disaster risk financing, and the classification of disasters and risks. In the workshop, international experiences and good practices related to preparedness financing and response were discussed. Opening the workshop, Raidan Alsaqqaf, Deputy Regional Director of the Regional Office for Arab States at UNDRR, highlighted the increasing impacts of disasters on public finances, livelihoods, infrastructure, and essential services across the region. He emphasized: “Countries that have clear and pre-arranged financing mecha...

Original source: Relief Web