Presentation from the OECD Workshop “Approaches to reducing and managing the risk of losses and damages from climate change” (15 April 2021) – Lizra Fabien, Executive Director, Dominica Association of Industry and Commerce and Immediate Past Chair, Caribbean Chamber of Commerce

1. THE ROLE OF FINANCE IN REDUCING
AND MANAGING THE RISK OF LOSSES
AND DAMAGES FROM CLIMATE CHANGE
Thursday, April 15, 2021
Lizra Fabien
Executive Director, DAIC
Immediate Past Chair, CARICHAM
OECD WORKSHOP

2. To provide insights on the role of the private sector in
reducing and managing risks of losses and damages,
highlighting lessons learned from the Caribbean.

3. Successful and sustainable development is
achieved through the involvement of all
stakeholders in an integrated governance
framework for an integrated risk management.
—UNDP ET AL. (2014), “DISASTER RISK REDUCTION
MAKES DEVELOPMENT SUSTAINABLE”

4. Political openness, participation and tolerance
The rule of law, transparency and equity
Respect for human rights and inclusion
Administrative and bureaucratic capacity and efficiency
Accountability and Strategic vision
PRIVATE SECTOR’S PERSPECTIVE OF BASIC GOOD GOVERNANCE

5. Promote the involvement of the private
sector, to increase expertise to reduce
and manage risks of losses and damages.
Involvement of the Private Sector

6. Important Considerations
Communication
Sharing of timely and
adequate information
Cooperation
Activation outside of Public
Sector support is vital
Collaboration
Requires an all sector
approach for success in DRR
Governance
11
Consistency
Strengthen structures and
systems to ensure continuity

7. PARTNERSHIPS
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9. Contact Us
WE'D LOVE TO HEAR FROM YOU.
Website
www.dominicachamber.com
www.caribbeanchambers.net
Phone Number
767-449-1962
Email Address
ED: daic@cwdom.dm
Coordinator CARICHAM:
coordinator@caribbeanchambers.net