Financial protection for middle income countries: Strengthening the financial resilience of developing countries against the impact of natural disasters

This brochure outlines the role of the Disaster Risk Financing and Insurance Program (DRFIP), which helps Middle Income Countries develop and implement comprehensive financial protection strategies that bring together different financial instruments to protect against disasters of different frequency and severity. By securing the funds for disaster response in advance and putting in place the budget systems to rapidly and effectively execute them, this approach helps governments become more effective risk managers. The program for Middle Income Countries is structured around five main activities:

• Catastrophe risk modeling strategy
• Assessment of economic and fiscal impact of disaster
• Review of fiscal management of natural disasters
• Review of catastrophe risk insurance regulatory framework
• Capacity transfer and training on sovereign disaster risk financing strategy