This briefing paper documents current trends and signals in international CCA and DRR finance since the emergence of Covid-19 in early 2020, and proposes four key recommendations to ensure that funding for CCA and DRR is maintained in the immediate and long term, and that the pandemic recovery is resilient, equitable and green:
- Adapt existing anticipatory action/early warning and response finance mechanisms to a broader range of threats, including pandemics, and continue to improve their design and implementation.
- Do not create standalone Covid-19 recovery plans, but integrate them into low-carbon and resilient development plans, building on existing efforts.
- Donor countries need to get back on track in leveraging finance towards climate change adaptation and disaster risk reduction and ring-fence such commitments, including those within the 0.7% gross national income targets.
- Further consideration is required to offer de-risking financial instruments to engage the private sector