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Conference Title: IDB Group Partners Forum 2024 “Strengthening Climate Resilience” Session
Date: April 18, 2024
Organizer: Inter-American Development Bank (IDB)
Location: IDB Headquarters, Washington, D.C.
Main Speakers
Keynote Speech: Ms. Megumi Muto, Senior Advisor / Chief Sustainability Officer (CSO), JICA
Moderator: Sergio LaCambra, Principal Specialist, Natural Disaster Risk Management Sector, IDB
Panelists:
IDB Juan Jose Durante Principal Financial Markets Specialist
IDB Carolina Frere Senior Social Security and Health Specialist
Malcolm Geel, Director of Caribbean Development, FCDO (Foreign, Commonwealth and Development Office)
Background and Objectives
The IDB Group Partners Forum is held every other year with the aim of sharing joint efforts to address global challenges facing Latin America and the Caribbean (LAC) with the IDB’s diverse partners and promoting partnerships.
The session on “Strengthening Climate Resilience” introduced donors’ efforts to address disaster risk, including JICA and the IDB, and discussed the importance of working with partners, including private sector financial institutions, to explore innovative climate change financing. JICA Senior Advisor Muto gave a keynote speech.
Contents
In his keynote speech, Mr. Muto emphasized the similarities between Japan and the Latin America and the Caribbean (LAC) region, which face natural disasters such as earthquakes and tsunamis, and the importance of strengthening the resilience of local communities in reducing the negative impacts of natural disasters. He also pointed out the need to cooperate with partners, including private financial institutions, in (1) proactive disaster risk assessment, (2) strengthening disaster risk governance, (3) proactive investment in disaster reduction, and (4) Building Back Better (BBB), which are emphasized in the Sendai Framework for Disaster Reduction 2015-2030.
He introduced that JICA’s support is characterized by its emphasis on proactive disaster risk reduction (DRR) and its cooperation with partner countries to strengthen governance, including structural and non-structural measures, and to promote BBB. As a specific example of financing, he cited the “Stand-By Disaster Recovery Loan” to the Philippines, whereby a line of credit was secured before a disaster occurred, enabling a rapid response to financial needs in the event of a disaster, in coordination with the World Bank and the Asian Development Bank. LAC has also provided assistance to Brazil to improve its capacity to cope with landslide damage, provided “stand-by loans for disaster recovery” to El Salvador and Peru, and supported the development of human resources in Latin America in the field of disaster management based in Chile (LAC). The LAC also mentioned support for capacity building in Brazil in the area of landslide disaster prevention, “stand-by loans for disaster recovery” to El Salvador and Peru, and the Chile-based KIZUNA project for human resource development in the field of disaster prevention in Latin America.
Finally, potential future collaboration with development partners such as the IDB included strengthening partner countries’ capacity in disaster risk governance, providing liquidity in the event of disasters, developing quality infrastructure for disaster risk reduction, and exploring innovative climate change financing.
In the panel discussion that followed, IDB speakers introduced the DRM Action Plan 2024-2025 and innovative disaster risk financing and risk transfer instruments to support climate change mitigation measures, confirming the importance of working closely with like-minded organizations, entrepreneurs, and private financial institutions in strengthening climate resilience and seeking innovative solutions. The importance of working closely with like-minded organizations, entrepreneurs, and private financial institutions to find innovative solutions in strengthening climate resilience was confirmed.
© Source JICA
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