Disaster Risk Reduction and Resillience through Inclusive Finance
From disaster response to DRR
With news of floods, tsunamis, earthquakes, cyclones and many other catastrophic events often dominating our television nowadays, it appears that the incidence and impact of natural disasters has risen dramatically over the last few decades. A combination of population growth and climate change has put additional pressure on resources and created new hazards that traditional mechanisms cannot cope with. New ideas and initiatives are needed in just about every sector of development to reduce the hazards that disasters pose for the poor. Can inclusive finance tools, particularly those inspired by the Shari’a, be a powerful addition to the approaches currently taken by mainstream development actors to reduce the vulnerability of poor people to external shocks?
Kroessin, M. (2013). ‘Disaster Risk Reduction and Resillience through Inclusive Finance’ in Islamic Finance Review, London ([Online] Available: http://policy.islamic-relief.com/wp-content/uploads/2014/05/DRR-Through-Inclusive-Finance.pdf