Kenya: disaster risk financing strategy 2026-2030

The goal of this Strategy is to enhance the financial capacity of National and County Governments to effectively manage disaster risks along the Disaster Risk Management continuum to protect the most vulnerable, safeguard development goals, build resilience and ensure fiscal stability. This Strategy takes into account the country’s multi-hazard exposure, the need for comprehensive disaster risk financing instruments, and fiscal measures designed to catalyse investments for disaster risk reduction. Using a risk layering approach, the Strategy sets out a clear framework for pre-arranged mechanisms for mobilizing, managing, and using financial resources to support preparedness, mitigation, response, and recovery efforts in a predictable, timely and efficient manner. 

The Strategy outlines six strategic priorities to achieve this goal;

1. Enhanced coordination in disaster risk reduction, retention and transfer across national and county government institutions managing various mechanisms to finance disaster risks,
2. Enhanced capacity and awareness in ministries, departments and agencies and county governments on the need to strengthen financing for disaster preparedness and response capacity for resilience,
3. Increased risk-based public financial management (PFM), transparency and accountability in disaster risk financing (DRF),
4. Improved financing capacity through strengthened and expanded government portfolio of risk retention and transfer instruments,
5. Strengthened key pre-arranged programmes to protect the most vulnerable populations from the impacts of disasters and contribute to building resilience, and
6. Increased financing for disaster risk prevention and preparedness to reduce future disaster risk.