A/RES/74/218 Disaster risk reduction to sustainable development, including poverty reduction, agriculture, natural resource management, the environment, urban development and adaptation to climate change; 28. Recognizes that financing for disaster risk reduction requires greater attention, and in this regard encourages increased investments in disaster risk reduction, including resilient infrastructure, and invites the United Nations system and its entities, within the scope of their respective mandates, in partnership with international financial institutions, regional development banks and other relevant institutions and stakeholders, to support developing countries in developing comprehensive disaster risk reduction financing strategies in support of national and local disaster risk reduction strategies, and incentivizing investments in resilience and prevention, and to explore the development of tailored financing mechanisms for disaster risk reduction, including forecast-based financing approaches and disaster risk insurance mechanisms; 29. Encourages States to allocate increased domestic resources to disaster risk reduction, including resilient infrastructure, to include disaster risk reduction in budgeting and financial planning across all relevant sectors, and to ensure that national financing frameworks and infrastructure plans are risk-informed, according to national plans and policies; 30. Recognizes that economic losses are rising as a result of the increasing number and value of assets exposed to hazards, and encourages countries to conduct a disaster risk assessment of existing critical infrastructure, to ensure that infrastructure plans are aligned to national disaster risk reduction strategies and risk assessments, to support the publication of disaster risk assessments, to make disaster risk assessments a prerequisite for infrastructure and housing investments and to strengthen regulatory frameworks for land-use planning and building codes, as appropriate, towards the achievement of target (d) of the Sendai Framework, and in this regard encourages countries and other relevant stakeholders to integrate disaster risk reduction considerations into their social, economic and environmental investments; 31. Encourages all relevant stakeholders to collaborate with the private sector to enhance the resilience of businesses, as well as the societies within which they operate, by integrating disaster risk into their management practices, to facilitate private investments in disaster risk reduction and to promote risk -informed private investments; 32. Reaffirms that investing in national and local skills, systems and knowledge to build resilience and preparedness will save lives, reduce the risk of displacement in the context of disasters, strengthen the adaptive capacity of food production systems and enhance food security, cut costs and preserve development gains, and in this regard encourages exploring innovative ways, such as forecast based financing approaches and disaster risk insurance mechanisms, to increase the availability of resources for Member States befor e a disaster is credibly expected to occur; 33. Also reaffirms the need for the enhancement of the implementation capacity and capability of developing countries, in particular the least developed countries, small island developing States, landlocked developing countries and African countries, as well as middle-income countries facing specific challenges, including the mobilization of support through international cooperation, for the provision of means of implementation to augment domestic efforts in accordance with their national priorities; 34. Recalls that the economic vulnerability index gives consideration to the impacts of natural disasters, recognizes the relevance of disaster risk and the impact 8/11 19-22487