In order to be prepared to deal effectively with disasters or crises, preparedness measures need to be put in place before a crisis occurs.
The report’s key messages are:
Financing for emergency preparedness is largely nonexistent. Where it does exist, it is complicated, fragmented and piecemeal, especially the international contribution, with an array of separate institutions, mechanisms and approaches determining which parts of the ‘emergency preparedness continuum’ are funded, and in what ways. Financing across the continuum needs to be coordinated.Findings support further investment in emergency preparedness activities, as the benefits far outweigh the costs in terms of reduced caseloads, unit costs of response and disaster losses.Incremental changes to current mechanisms will leave gaps. This report recommends that while there are advantages to enhancing existing financing mechanisms, simply bolstering the existing system is not sufficient, and at the very least a global solution must be considered.