Crisis protection 2.0: Future-proofing our world

This report outlines an ambitious roadmap to radically transform international crisis finance in the next ten years. The goal is to accelerate a shift from reaction to readiness by making proactive, pre-arranged crisis financing the default instead of the exception. The report is a roadmap to making crisis finance faster, more predictable, more equitable, and ready to meet the challenges of the 21st Century.

The report provides ten recommendations intended to make this transition happen over the next decade, with actions described for governments, public finance providers and international financial institutions, as well as public and private insurance providers, and civil society, to shift towards much more prearranged planning of finance for disaster response and recovery. Of the $76bn spent on crisis finance in 2022, less than 2% was prearranged, according to research by the Centre for Disaster Protection. Of this already tiny proportion, only 1.4% reached low-income countries. Another way to understand this is that less than $1 of every $5,000 in crisis finance goes to low-income countries through prearranged finance.