Resilience - Promoting disaster and climate risk resilience through regional programmatic and risk financing mechanisms (action statement and action plan)

This initiative aims to strengthen regional and national programmatic and financing instruments and mechanisms to address disaster and climate risk management, sustainable development and risk financing needs of climate vulnerable countries and regions like Africa, Caribbean and the Pacific. It seeks to facilitate the engagement with private sector entities and donor countries to scale-up on-going risk financing facilities in climate vulnerable regions.

The implementation of innovative risk financing mechanism is a necessity for the climate vulnerable countries to be able to overcome the adverse impacts and immediate recovery needs and to mitigate future risks and impacts. With this aim in mind, the initiative 'Promoting Disaster and Climate Risk Resilience Through Regional Programmatic and Risk Financing Mechanism’ intends to advance innovative risk financing instruments to help countries to mitigate risks and reduce vulnerability with three identified deliverables over the next year.