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Building resilience in Nepal through public-private partnerships

Source: World Economic Forum (WEF):

This last use case from the Global Agenda Council on Risk and Resilience highlights tangible examples from Nepal of where multi-stakeholder partnerships between the public and private sectors and civil society organisations made a difference, and where they could be scaled up to be more effective in future.

Building resilience in Nepal through public-private partnerships

The report offers the following key observations based on the analysis of the aftermath of the earthquakes that struck Nepal in April and May 2015:

  • Resilience is a social and political issue as much as an economic and developmental one. Efforts to “build back better” must also incorporate support for Nepal’s political transition as a foundation for resilience;
  • Strengthening pre-established partnerships between the public and private sectors can improve responses to and reduce the impacts of future emergencies;
  • Crucial economic sectors, such as tourism and construction, can benefit from public-private cooperation for recovery and reconstruction;
  • Implementing and enforcing building codes and focusing on making schools safe should be a high priority in reconstruction efforts;
  • Retrofitting to make existing houses more “earthquake-resilient” can save lives and reduce economic losses,and can be done in an affordable way that uses locally available skills and technologies;
  • The private sector can offer unique expertise, capability and capacity for the Nepali government’s reconstruction efforts;
  • Public-private partnerships and innovative financing arrangements can be crucial parts of reconstruction and building resilience in Nepal.
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