Bravery Over Fear

    The Philippines is renowned for its toughness. One of the nations most susceptible to climatic disasters worldwide is the Philippines. In this archipelagic nation, there are typically 21 tropical cyclones of varied intensities each year. The expense of disasters to this nation places a tremendous strain on national, local, and household budgets as well as on the security and well-being of its citizens. The social compact between government, public institutions, and the populace is shattered. The impoverished and most vulnerable people are frequently impacted hardest by local governments and communities, who bear the burden of this. The disproportionate effects of these lengthy global crises are hurting chances for long term economic growth, contributing to an increase in poverty and inequality.

    These devastating typhoons highlight the necessity of a strong disaster response and sustainable recovery in the Philippines for its future growth against a backdrop of uncertainty and insecurity. Typhoons, earthquakes, and volcanic eruptions are only a few examples of the unavoidable natural disasters, yet the high death toll and significant economic effect can be reduced. What would it take to provide greater resilience in the face of these persistent dangers throughout rebuilding efforts? The Philippines has achieved tremendous strides in climate action and disaster risk reduction, and now seeks to increase response and

outcome resilience. Risk-informed planning and development leverages the use of real-time data and fast evolving digital, mobile and satellite technologies that must link to provide accurate information, early warning, and risk-informed protocols and regulations. These include decisions on location of settlements, industries, city centers; spatial development and safety protocols for buildings, for cities; and sustainability measures for infrastructure that limits damage. This is rebuilding for resilience that saves billions of dollars in losses and saves lives and livelihoods. The utilization of real time data and rapidly developing digital, mobile, and satellite technologies that must connect to deliver accurate information, early warning, and risk-informed protocols and regulations is a key component of risk-informed planning and development. These considerations include where to locate towns, businesses, and urban cores; how to improve the built environment; how to keep cities safe; and how to establish resilient infrastructure. Rebuilding for resilience in this way prevents damages in the billions of dollars and spares people's lives and means of subsistence.

    Making sure that the money supports this high value offer of investing in resilience and a more sustainable recovery is everyone's responsibility. By cooperating to achieve a shared goal, public and private capital can be combined and directed in these directions, lowering the cost of borrowing and leveraging more. Every second of inaction, or worse yet, bad action, increases the losses and costs to an unaffordable level.

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