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Financial arrangements are a fundamental component of disaster risk reduction and management because disasters often result in extensive human, economic, environmental, and infrastructural losses. Adequate financial resources ensure that governments, organizations, and communities can effectively prepare for, respond to, recover from, and mitigate the impacts of disasters. Without proper financial planning, disaster management efforts become slow, inefficient, and incapable of meeting the urgent needs of affected populations. One of the primary needs for financial arrangements is to support disaster preparedness. Preparedness activities such as risk assessment, hazard mapping, public awareness campaigns, training of emergency personnel, mock drills, installation of early warning systems, and stockpiling of emergency supplies require continuous investment. Financial support enables authorities to build the capacity of institutions and communities to ____ ___ _______ _____ _______ _____ _________ ___ ____ _______.
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