2. Investing in Resilience
Investing in Resilience under the DRRP is approached from a preventive and proactive approach, shifting from the traditional reactive post-disaster expenditure. The DRRP supports countries to draft Disaster Finance Strategies to secure the financial resources needed before, during and after disaster, that ensures a faster response, more predictable support and a more resilient recovery pathway. The DRRP also provides analysis and assessments to governments and local authorities to inform and identify investment plans to build resilience and reduce risks.
A key component of the DRRP is the support in the development of new hazard models for parametric insurance, an innovative mechanism that triggers rapid payouts based on measurable hazard parameters rather than traditional loss assessments.
Furthermore, the DRRP has several projects focusing on urban and peri-urban, where disaster risk financing is used to strengthen the resilience of rapidly growing cities. These cities have expanding populations and infrastructure density amplifying the financial consequences of disasters.
For more detailed information on what the DRRP does on Investing in Resilience see the Technical Brief (coming soon).
What it looks like in practice:
- Case Study: Madagascar Strengthens Flood Risk Modelling and Sovereign Insurance Readiness by ARC
- Case Study: Malawi/Zambia - Enabling Early Drought Response Through Anticipatory Insurance by ARC
- Case Study: From Data to Decisions, Partnerships Driving Climate Resilience in the Caribbean by CDB
- Case Study: Built for Resilience - Risk-Informed Infrastructure in Dominica by the World Bank/GFDRR
- Case Study: Mombasa Strengthens Resilient Urban Planning by the World Bank/GFDRR
- Case Study: Livable Pacific Cities and Towns - Urbanisation Strategies for Resilience, Sustainability and Inclusion Report by the World Bank/GFDRR
- Case Study: Catalysing Climate-Resilient Investment Through Risk Analytics in St. Lucia by the World Bank/GFDRR
Related documents
Madagascar Strengthens Flood Risk Modelling and Sovereign Insurance Readiness
English (1.29 MB - PDF)Malawi/Zambia - Enabling Early Drought Response Through Anticipatory Insurance
English (2.24 MB - PDF)From Data to Decisions, Partnerships Driving Climate Resilience
English (1.38 MB - PDF)Built for Resilience - Risk-Informed Infrastructure in Dominica
English (2 MB - PDF)Mombasa Strengthens Resilient Urban Planning
English (1.35 MB - PDF)Catalysing Climate-Resilient Investment Through Risk Analytics in St. Lucia
English (1.49 MB - PDF)