The 2004 Indian Ocean tsunami brought on widespread lack of human life and livelihoods, extreme injury to infrastructure and ecosystems, and important financial prices. Within the aftermath of this catastrophe, there was robust recognition throughout the Asia-Pacific area of the necessity to undertake a long-term coordinated effort to mitigate the affect of pure disasters by way of efficient preparedness and response measures. prevention, together with the institution and strengthening of early warning programs.
The ESCAP Tsunami, Catastrophe and Local weather Preparedness Belief Fund was established in 2005 with a contribution of $ 10 million from the Royal Thai Authorities. The Fund is a part of the general United Nations effort to construct resilience within the Asia-Pacific area. It helps to cut back capability gaps and helps the event of an built-in regional early warning system together with a community of collaborating facilities. In 2011, the scope of the Fund was broadened to additionally cowl catastrophe and local weather change preparedness, whereas maintaining the deal with end-to-end early warning for coastal hazards.
ESCAP is accountable for the administration and administration of the Fund and builds on its mandate as Fee for Asia and the Pacific to advertise regional cooperation and integration for efficient catastrophe threat discount.
In accordance with the final circumstances of the Fund, this annual report gives an summary of the efficiency of the Fund in 2020. It additionally describes the monetary scenario of the Fund and the actions carried out by the secretariat.