The international community spent $13.5 billion on reducing the risk of disasters in the past two decades, just 40 cents for every $100 of aid, and a tiny amount compared with the $862 billion in disaster losses suffered by developing countries, according to a new study.
The report from the London-based Overseas Development Institute (ODI) said funding for disaster risk reduction (DRR) has been concentrated in a small number of middle-income countries, such as China and Indonesia, with many high-risk nations - especially poor, drought-prone states in sub-Saharan Africa - receiving negligible financing.
The top ten countries received nearly $8 billion between them, and the remaining 144 just $5.6 billion combined. The inequity of disaster risk reduction spending is clear when broken down on a per capita basis. Ecuador, the second-highest recipient per capita, got 19 times more than Afghanistan, 100 times more than Costa Rica and 600 times more than Democratic Republic of Congo , for example.