Sierra Leone: Disaster risk financing strategy and implementation plan 2024-2029

This Disaster Risk Finance Strategy (DRFS) aims to improve the management of financial risks related to disasters by bringing together various ongoing and planned efforts from different sectors. Developed by the Ministry of Finance, the NDMA and other stakeholders, it provides a framework for coordination among key stakeholders to implement activities that will enhance the financial resilience of the Government of Sierra Leone, as well as households and businesses in the face of disasters. It builds upon the existing legal and policy framework for disaster and disaster-related financial risk management.

This DRF Strategy will complement and support the implementation of the DRM operational framework through the following:

• Establishing a portfolio of adequate disaster risk finance instruments;
• Mainstreaming climate risk assessments;
• Strengthening capacity to collect and manage data concerning economic losses and track post-disaster expenditures.