Disaster risk financing for humanitarian action
Traditionally, disaster risk financing (DRF) is designed primarily to release rapid, predictable funding to governments in the aftermath of a disaster for response, recovery and reconstruction; reducing the economic and fiscal burden of disasters. DRF has the potential to be a game changer for the humanitarian system. It offers opportunities for more effective action by strengthening collaboration and joint planning with governments, bridging the humanitarian-development nexus and building a culture of early action. There is a growing network of humanitarian practitioners working together with the financial sector to advance humanitarian DRF, based on stronger analysis and evidence-based learning.
Photo by Climate Centre (RCCC)