Belize: Disaster risk financing policy and implementation plan

The Government of Belize (GoB) recognizes the critical need for robust DRF mechanisms to mitigate disasters' economic and social impacts. The policy builds on the findings of the “Disaster Risk Finance in Belize: Progress and Perspectives”report, which highlighted significant funding gaps, emphasized the need for an evidence-based approach to DRF, and recommended strategies to ensure timely and cost-effective access to financial resources during emergencies.

This policy aims to:

• Provide a comprehensive framework for DRF.
• Promote data-driven decision-making for effective fiscal planning and disaster contingent liabilities management.
• Strengthen institutional capacities to address disaster risks proactively.
• Reduce the fiscal burden of disasters while safeguarding development gains.