UN General Assembly
2015

The Conference also called on Governments to mobilize the required means of implementation in order to address disaster risk reduction, which involves building capacities, especially in defining risk and mainstreaming risk pricing, in order to inform priorities in public expenditures. For effective implementation, capacity-building should cover enhanced global risk analysis and extend to local authorities and others at the subnational level. In order to address risk reduction, sound follow-up mechanism for monitoring and accountability are needed. We are glad to note that disaster risk reduction is part of the new Sustainable Development Agenda. At the third International Conference on Financing for Development, held in July in Addis Ababa, important decisions were reached to follow up on the commitments made in Monterrey and Doha and to further strengthen the financing of the sustainable development framework. The Conference outcome document focused on both financial and non-financial means of implementation. The required resources will have to be obtained through domestic resource mobilization, domestic and international private finance, business finance and international public finance, which includes official development assistance (ODA).