India has advocated for greater investment in disaster resilience and improving early warning systems, particularly for recurrent hazards such as heat waves.
Addressing a discussion, on the third day of the Asian Ministerial Conference for Disaster Risk Reduction (AMCDRR) here, Union Minister of State for Home Kiren Rijiju said increased investment as well as accountability for results need to go hand in hand.
There is a need for greater investment in disaster resilience and mainstreaming disaster resilience in infrastructure development, he said.
He encouraged other countries to look at disaster risk reduction as an integral part of the national budgeting process rather than a separate add-on activity.
Innovations such as 'forecast based financing' piloted in countries like Mongolia can help ensure that disaster risk reduction financing achieves optimal results, he said.
Rijiju led the discussion on investing in resilience that brought together high level delegates from Indonesia, Philippines, Vietnam, Mongolia and multinational private sector companies to explore how governments could enhance their investment in disaster resilience at a time when there are competing demands for resources from other development sectors.
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