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Watch footage from the 55th Asian Development Bank (ADB) Annual Meeting (2nd Stage): CAREC High-Level Session on Regional Cooperation for Green and Resilient Development.

View the video in full. 

This Central Asia Regional Economic Cooperation (CAREC) high-level session considered what it means in practice to implement a risk-informed regional development program focusing on macroeconomic resilience, public health resilience, and disaster risk management.

Speakers from governments, development partners, and the private sector also discussed innovative regional financing solutions and sustainable regional investments to address risks.

The speakers discussed development of the Global Risk Modelling Alliance and the Global Resilience Index Initiative – two programmes which the IDF and its members support and are driving forward.

Michel Liès, Chairman of Zurich Insurance Group and Chairman of the IDF Steering Committee, said:

“The IDF is there to build resilience and protection for people, communities and businesses that are vulnerable to disasters… we need to realise that if we had invested before hand in disaster risk reduction in countries, we would have fewer images of the impact of disaster and greater economic stability. ”

ADB Director General of its Central and West Asia Regional Department Eugene Zhukov, said:

“We aim to learn what it means in practice to implement a risk-informed regional development programme, focusing on macroeconomic resilience, public health resilience and disaster risk management.”

Mami Mizutori, Special Representative of the UNDRR and Member of the IDF Steering Committee, said:

“Without doubt the climate emergency is the biggest threat facing the planet and humanity. 90% of disasters of the last 20 years are related to the climate emergency in one way or another. Their impacts make sustainable development unattainable.

Against this dire reality, and with adaptation and resilience being a strong focus of COP27, I firmly believe that reducing existing disaster risks and avoiding the creation of new risks is the key to enhancing sustainable development and building climate resilience. That is why we need to urgently accelerate the implementation of the SENDAI framework for disaster risk reduction at all levels.”

UNDRR Head, Global Risk Management and Reporting and Member of IDF Operating Committee and Co-Chair of IDF Risk Modelling Steering Group (RMSG), Jenty Kirsch-Wood, said:

“Climate change is changing the global map, it is increasing risk – the traditional approach just isn’t enough, and in our complex world we’ve got to be looking more at the systemic, cascading risk… there are some tools that we’ve got – we’ve got risk analytics, but we need to move that to be more flexible, more agile, to move just from looking at hazards to really looking at vulnerability. And we need to make sure that when we are investing in vulnerability reduction, that it is really the engine for sustainable development.”

The event was held on the sidelines of the 55th Annual Meeting of the ADB Board of Governors.


6th October, 2022