Disaster Risk Finance for Adaptive Social Protection
Countries in the Latin America and the Caribbean (LAC) region are highly exposed to frequent natural hazards leading to disasters. Usually, poor and vulnerable populations are adversely affected by the effects of disasters since they have less abil...
| Main Authors: | , , |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/721601593593553284/Disaster-Risk-Finance-for-Adaptive-Social-Protection http://hdl.handle.net/10986/34133 |
| Summary: | Countries in the Latin America and the
Caribbean (LAC) region are highly exposed to frequent
natural hazards leading to disasters. Usually, poor and
vulnerable populations are adversely affected by the effects
of disasters since they have less ability to cope and
recover. Rapid assistance in the immediate aftermath of a
disaster is an essential part of strengthening resilience
and protecting the welfare of poor and vulnerable
households. If ex-ante physical and financial measures are
not included in disaster preparedness, there can be
considerable delays in post-disaster response, potentially
significantly exacerbating the adverse human and economic
conditions of the poor and vulnerable, pushing them deeper
into poverty. Social Protection (SP) has an important role
in helping the poor and vulnerable populations cope with the
impacts of natural hazards as well as building long-term
resilience. Ensuring the availability of financing to
scale-up Social Protection after disasters is therefore
critically important for LAC countries. LAC countries have
demonstrated experiences using various risk financing
approaches and participating in risk financing arrangements.
Despite this, few countries have established mechanisms to
guarantee scaled-up SP support following disaster events.
This note aims to improve understanding of Disaster Risk
Financing (DRF) approaches among SP practitioners and
outlines what LAC countries need to prioritize in order to
ensure that appropriate financing arrangements are in place
to support effective post-disaster SP response. |
|---|