In the thematic session on the last day of #APMCDRR2024, "Allocating Budget Resources for Preventive Investments and Disaster Response", it was discussed that countries in Asia and the Pacific face increased disaster risks due to climate change, earthquakes, and high population density. This has significantly raised the costs of both disaster prevention and response, straining government budgets. To minimize loss of life, financial impact, and social instability, the region must urgently scale up investments in disaster prevention. Current risk assessment methods often fail to account for the changing nature of risks, leading to a widening budget gap that many governments struggle to manage. With limited funds, particularly in Least Developed Countries (LDCs), it is essential to develop strategies that allocate resources effectively for both disaster response and prevention, while promoting sustainable development.
