Information note: ESCAP and innovative risk financing for disaster risk reduction and resilience

Innovative financing for disaster risk reduction is especially important for Asia and the Pacific - the most disaster-prone region in the world which bears around half of the global total damage, 60 per cent of fatalities and 80 per cent of people affected from natural disasters during the last decade. The needs for such financing mechanisms have been highlighted by member States in various fora. This information note outlines the key issues and ESCAP's approach to innovative risk financing for disaster risk reduction and resilience.