Organised by

• UNDP
• Government of Switzerland
• Government of Nepal

Summary

Earthquakes. Cyclones. Drought. Conflict. The Ebola outbreak. Oil price collapses.

Shocks and stresses of different kinds strain countries, communities and families, many of them seriously and have been shown to have set back development, sometimes for decades.

For the Financing for Development (FfD) negotiations, this issue is critical. Volatility is the world’s new normal. We must consider the financing consequences in a world where shocks, crises and emergencies are commonplace. Disasters and economic collapse can, in some cases, lead to increasing and unsustainable debt.

We need a change of mindset to recognize that shocks and stresses are part and parcel of development processes in countries at all income levels. Therefore investments in risk and resilience need to be an integral part of the process.

Contact

For inquiries regarding this side event, please contact

• Jan Kellett, jan.kellett@undp.org,
• Nergis Gulasan, nergis.gulasan@undp.org,