To familiarize everyone with key socioeconomic terms and concepts, we have this new social media series.
For this week, our buzzword is “disaster risk”.
It refers to the likelihood of a system, society, or community to experience harm, such as damage to assets, injury, or loss of life.
Disaster risk may be assessed by considering the type of hazard a community faces, their level of exposure to it, and the degrees of capability and vulnerability they have.
Source: United Nations Office for Disaster Risk Reduction
A PIDS study found the absence of proper monitoring and evaluation of disaster risk reduction and management (DRRM) investments in the country. Other related issues include weak reporting, accounting, and tracking of the use of DRRM funds, making it difficult to draw lines of accountability.
Know more about bottom-up DRRM by reading “Policy, Institutional, and Expenditure Review of Bottom-up Approach Disaster Risk Reduction and Management” at https://www.pids.gov.ph/publication/discussion-papers/policy-institutional-and-expenditure-review-of-bottom-up-approach-disaster-risk-reduction-and-management.
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