The relationship between risk and development works in both ways: the impacts of hazards and threats can slow or retard development achievements. In turn, decisions on development trajectories and investments can influence the generation of risk. This forms the core rationale for risk-informed development (RID) or integrating risk reduction into development policy, planning and budgeting.
Recognizing the importance of the dynamics of intersecting threats which increasingly characterize today’s world, UNDP aims to expand its RID offer into a comprehensive offer with a view to evolve the risk-informed paradigm to address systemic risks. In doing so, the DRT is consulting with UN agencies, partners, and in-house experts. UNDP has been at the forefront of risk-informed development since over a decade, an approach that originated in the field of disaster risk reduction and expanded in recent years to embrace climate change related risks, and now wants to take it to the next level.
The event will provide an opportunity for the private sector, government and regional organizations to share their lessons and approaches to risk-informed development. Also UNDP will present its current thinking on evolving its RID Offer.
The event will explore the following questions:
- What are the key challenges and barriers to evolving a risk-informed development offer in support of a multi-dimensional risk approach?
- What are some of the successes/ good practices – and who have led them – that should be scaled up and sustained?
- How can we create an enabling environment for the key building blocks for risk-informed development i.e. data, analytics and foresight; sustainable financing; institutional ownership and partnerships including with the private sector?