The document discusses disaster risk reduction from an international perspective. It summarizes that annual global economic losses from disasters have exceeded $100 billion in recent years due to increased exposure. Europe experiences an average of $13.4 billion in disaster losses annually, making it the third most affected region. Most losses are from weather events like flooding. The Hyogo Framework was adopted in 2005 and outlines five priorities to build disaster resilience, including governance, risk assessment, education, reducing underlying risks, and preparedness. Implementation of the Framework in Europe shows that prevention and risk reduction provide significant economic benefits but underlying risks remain difficult to address. The post-2015 Framework will focus on risk avoidance, reduction, and resilience.