Goa, June 6 -- At the 8th Global Platform for Disaster Risk Reduction (GPDRR) 2025 held in Geneva, India presented its pioneering, nationally anchored Disaster Risk Reduction (DRR) financing system-the largest of its kind globally. During the event, Dr. P. K. Mishra, Principal Secretary to the Prime Minister of India, called for the establishment of a dedicated global facility to support DRR financing, emphasizing that such investment is essential to safeguarding development progress in an era of escalating climate and disaster risks.

Dr. Mishra highlighted India's remarkable progress, tracing the country's DRR financing journey from an initial allocation of around USD 1 million to a projected USD 42 billion under the 16th Finance Commis...