Economic analysis for Indian Ocean disaster resilience

Genesis is conducting an economic analysis of disaster risk reduction (DRR) investments and cost assessments for Madagascar, Mauritius and Seychelles.

The initiative is part the UNDRR's programme on Resilience Building and Disaster Response Management in the Indian Ocean (RDRMIO) and is funded by the European Union.

It takes place in the context of efforts to mitigate disaster and climate-related losses in the Indian Ocean Commission member states. The initiative focuses on bolstering DRR capabilities and governance structures in four island states – Comoros, Madagascar, Mauritius and Seychelles. It aims to enhance national preparedness and policy frameworks for DRR. A crucial step in translating aspirations into action is development of comprehensive financing roadmaps for DRR implementation.

Genesis’s economic analysis will inform decision-making processes, policy development and strategic investments to fortify disaster resilience in three of these countries. The project aims to strengthen national capacities for evidence-based, risk-informed investments, contributing to long-term sustainability and preparedness in the face of future disasters.

Specifically, Genesis is:

• Costing DRR measures identified in the Seychelles National Disaster Risk Management Framework.
• Conducting a diagnostic study for Madagascar, Mauritius and Seychelles to identify cost-effective financing instruments for DRR, considering available resources and member state priorities.
• Developing a DRR financing roadmap for Madagascar, Mauritius and Seychelles to advocate regarding the DRR stakeholders to support the financing and implementation of the DRR National Strategies and Plans.