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Nations are spending too little to prevent disasters in the face of rising global calamities, from the floods in South Africa to a record-breaking heat wave in India.
Of the $133 billion in available disaster-related financing in 2010 to 2019, only 4% went to reducing risks with the rest being spent on more costly post-calamity responses, Mami Mizutori, head of the United Nations Office for Disaster Risk Reduction, said in an interview.
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