Global Facility for Disaster Reduction and Recovery (GFDRR)

hy in News? India has been unanimously chosen as co-chair of the Consultative Group (CG) of Global Facility for Disaster Reduction and Recovery (GFDRR) for the fiscal year 2020.

• The decision was taken during the recently held meeting of GFDRR in Geneva, Switzerland on the margins of the 6th Session of the Global Platform for Disaster Risk Reduction.

 What is GFDRR?

• It is a global partnership that helps developing countries better understand and reduce their vulnerability to natural hazards and climate change.
• It is a grant-funding mechanism, managed by the World Bank, that supports disaster risk management projects worldwide.
• GFDRR contributes to the implementation of the Sendai Framework for Disaster Risk Reduction by helping countries to integrate disaster risk management and climate change adaptation into development strategies and investment programs and recover from disasters quickly and effectively.
• Roles: It provides technical assistance, capacity building, and analytical work to help vulnerable nations improve resilience and reduce risk.
• India became a member of CG of GFDRR in 2015.

About Sendai Framework:

The “Sendai Framework for Disaster Risk Reduction 2015-2030” was adopted during the Third UN World Conference on Disaster Risk Reduction held in Sendai, Japan in March, 2015.

Key features of the Sendai framework:

• It is the first major agreement of the post-2015 development agenda, with seven targets and four priorities for action.
• It was endorsed by the UN General Assembly following the 2015 Third UN World Conference on Disaster Risk Reduction (WCDRR).
• The Framework is for 15-year. It is a voluntary and non-binding agreement which recognizes that the State has the primary role to reduce disaster risk but that responsibility should be shared with other stakeholders including local government, the private sector and other stakeholders.
• The new Framework is the successor instrument to the Hyogo Framework for Action (HFA) 2005-2015:Building the Resilience of Nations and Communities to Disasters.