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EconomyNext is an economic and financial news service with a primary focus on Sri Lanka. It provides independent news, analysis and comment on business, economic and policy in Sri Lanka and the world.
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The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.
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Annually, disasters cost Sri Lanka 50 billion rupees, around 0.4 % of GDP in damages, which requires preventive measures to reduce climate risks.
Sri Lanka’s private sector needs to be aware of risks posed by disasters as it affects investment decisions, a senior officer of the government Disaster Management Centre said, according to EconomyNext. The emphasis has changed from a previous focus on disaster management to disaster risk reduction now, said Anoja Seneviratne, the DMC’s Director of Mitigation, Research and Development...
The United Nations Development Programme is to provide technical assistance to help Sri Lankan small businesses better cope with disasters, reports EconomyNext. UNDP and the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) have entered into a partnership to promote greater private sector engagement in the field of Disaster Risk Reduction...
Sri Lanka’s government has begun incorporating disaster risk reduction measures into all development programs to reduce risks from floods and other events that put lives in danger and disrupt economic activity, an expert said, according to EconomyNext. 'The country has began accepting that managing disasters is linked to how land use, road planning, and rivers and water ways are managed, and how the education and health sectors are organised,' said Visaka Hidellage of UNDP...
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