What happened?
On June 4, 2025, Dr P. K. Mishra, Principal Secretary to the Prime Minister, addressed the Ministerial Roundtable on Disaster Risk Reduction (DRR) Financing in Geneva. He highlighted India’s evolution into one of the world’s largest nationally anchored DRR financing systems and emphasized the need for a globally coordinated mechanism to support catalytic funding, technical assistance, and knowledge exchange. India advocated for concrete, time-bound outcomes and urged greater international cooperation to complement national disaster preparedness efforts.
Why it matters to India
India’s proposal reinforces its leadership in global resilience efforts and underscores the importance of financial preparedness for disasters. The push for a global DRR facility aligns with India’s commitment to sustainable development and disaster management, enhancing collaborative frameworks for better-safeguarding development gains.