Introduction:
The government relies heavily on its budget and borrowings to deal with disaster risk impacts. Risk transfer solutions are limited but include insurance for public assets and a national crop insurance scheme. Disaster Risk Finance (DRF) is a growing discipline that addresses the fiscal impacts and economic losses caused by natural hazards (e.g. cyclones, droughts, earthquakes, floods) and supports countries to increase their financial resilience to natural disasters.
The Disaster Risk Finance (DRF), part of the Disaster Risk Finance and Insurance Program (DRFIP), aims to strengthen the financial management of disaster risk by providing quantitative financial and economic information & tools for decision-making. Governments, donors and development partners are increasingly in need of high quality analytics to proactively manage the financial costs of disasters. Objective analytics empowers stakeholders to take risk-informed financial protection decisions based on sound financial and economic analysis.
