<p style="margin: 0px; text-align: justify;">The second meeting of the G-20 Disaster Risk Reduction Working Group (DRRWG) will begin in Mumbai tomorrow. By identifying opportunities and examining creative financing mechanisms, the meeting aims to mitigate the impact of disasters on vulnerable communities. The meeting will bring together government officials, industry experts, private sector representatives, and stakeholders from over twenty countries.</p>''<p style="margin: 0px; text-align: justify;"> </p>''<p style="margin: 0px; text-align: justify;">The three-day meeting in Mumbai will encompass four technical sessions and side events. These high-level deliberations will continue to build upon the cross-cutting theme emerging from the first DRRWG meeting "Financing for DRR", held in Gandhinagar from the 31st of March to 1st of April this year. This meeting has been strategically planned to immediately follow the Mid-Term Review (MTR) of the Sendai Framework for Disaster Risk Reduction 2015-2030, organized by the President of the General Assembly at the United Nations Headquarters in New York from May 18th to 19th, 2023. Within this context, the G-20 platform stands resolute in its commitment to delivering all-encompassing solutions in alignment with the objectives of the Sendai Framework.</p>''<p style="margin: 0px; text-align: justify;"> </p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">With G-20 nations grappling with a growing number of disasters and climate change-related risks, amounting to an estimated Annual Average Loss of $218 billion or 9% of average annual investment in infrastructure, the second DRRWG meeting assumes great significance. Through high-level dialogues on financing for development, this meeting presents an opportunity to call for action on finance for Disaster Risk Reduction (DRR). The discussions will encompass public and private financing, social protection, knowledge sharing and international financing mechanisms for disaster response, recovery, and reconstruction.</span></p>