Microfinance and Tsunami Recovery
A reminder from WCDR ...

As a concluding note, it may be useful for us to be reminded of the recommendations made by the Hyogo Framework of Action, which was adopted at the World Conference on Disaster Reduction (WCDR) that took place in Kobe Japan in January 2005.

Specifically related to financial issues, it calls for strengthening the Implementation of social safety net mechanisms to assist the poor and other populations affected by disasters, and promoting diversified income options for populations in high risks areas to reduce their vulnerability to hazards.

It also calls for promoting the development of financial risk sharing mechanisms particularly insurance and reinsurance against disasters, and establishing public private partnerships to better engage the private sector in disaster risk reduction activities.

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Hari Srinivas - hsrinivas@gdrc.org
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