This document highlights the need to foster proactive drought risk reduction strategies and activities to address drought’s root causes rather than relying solely on emergency response measures. It stresses a move from policies to practices through the development of a knowledge network to identify indigenous practices, exchange expertise, and propose simple and affordable technologies and good practices that can implemented in vulnerable communities through coordinated programs. Collaboration with countries experienced in drought risk reduction and interaction with regional and international initiatives can contribute to the development of a knowledge network to reduce the effects of drought. The present drought risk reduction framework proposes the following main elements for consideration: i) drought policies and governance, ii) drought risk identification, impact assessment, and early warning, iii) drought awareness and knowledge management, and iv) effective drought mitigation and preparedness measures.