Building resilience to disasters calls for a blend of financing options that helps countries respond better to disasters, and prepare and plan more effectively for their impacts.
In partnership with the University of Cambridge Institute for Sustainability Leadership and World Bank’s Disaster Risk Financing and Insurance Program, the Centre delivered a five-day training course on disaster risk financing for 23 officials from Ministries of Finance from 19 countries in July 2018.
Building resilience to disasters requires a blend of financing options that not only helps countries respond better to disasters, but also helps them to prepare, and plan more effectively for their impacts. A growing evidence base shows that early action, supported by pre-planned risk financing, not only saves lives but reduces costs.
The Centre aims to contribute to innovations in disaster risk financing and build capacity of countries worldwide – especially those most vulnerable to disasters – by promoting the adoption of disaster risk financing strategies that can help strengthen their resilience to natural disasters.
To this end, the Centre in collaboration with the University of Cambridge Institute for Sustainability Leadership and World Bank’s Disaster Risk Financing and Insurance Program delivered a five-day training course in July, 2018, in Cambridge, UK. Bringing together 23 officials from Ministries of Finance from 19 countries, the delegates included sovereign risk managers, debt managers, fiscal planners or budget officials, and other officials in charge of disaster risk financing and insurance in their respective countries.
The main features of the training included sessions on DRF concepts and instruments, and their usefulness for ministries of finance; the use of data and analytics in developing DRF strategies; and challenges to successfully implementing DRF strategies across a range of countries’ contexts.
Participants are being offered support beyond the duration of the training – both through personal engagement, and via an online portal allowing them to maintain a network of experts and officials from across the world.