This report presents a comprehensive action plan designed to minimize the loss of life and destruction brought on by increasing numbers of water-related disasters worldwide (such as floods, droughts, tidal waves, storm surges, etc. ) and also to minimize loss of life in post disaster/conflict conditions. It aims to bring life and a sense of urgency to the agreement reached at the World Conference on Disaster Reduction in 2005, the Hyogo Framework for Action (2005-2015). The panel states that it stands ready to monitor the cited governments and institutions and to report their progress to the international community.