RAR24: Executive summary

The Regional Assessment Report on Disaster Risk in Latin America and the Caribbean 2024 (RAR24) focuses on financing and investment for disaster risk reduction (DRR) in Latin America and the Caribbean (LAC). The report presents various analyses and recommendations, based on evidence and a thorough historical understanding of risk, to support the design and promotion of innovative, inclusive, and sustainable financing mechanisms and instruments that underpin investment in DRR in its prospective, corrective, and compensatory elements. 

Gathering accurate information has been a complex task. Despite a reasonable conceptual consensus on DRR and disaster risk management (DRM), how these are incorporated into policies, strategies, budgets, plans, instruments, and development projects, implemented by countries and supported by international cooperation, reveal significant differences. These differences are further accentuated when financing and investment are analyzed and monitored, not only due to the lack of records and taxonomy standardization but also because DRR actions, while present, are not always identified as such. Nonetheless, RAR24 seeks to help close gaps in the analysis of financing and investment and to foster an informed debate on the matter.n a state of continuous disaster recovery.