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When it comes to blending professional expertise with personal values, Yogi Rahmayanti (Director of the Center for Regional and Bilateral Policy at Indonesia’s Ministry of Finance), stands as a shining example. With over two decades of service in public financial management, Ibu Yogi’s career reflects a deep commitment to efficiency, innovation, and resilience. Her work spans critical areas such as disaster risk financing (DRF), budget optimization, and fostering collaboration across sectors—all...
They say that storms test not just resilience but readiness—and that’s exactly what we’re facing in Eastern and Southern Africa. Climate challenges like floods, droughts, and tropical storms are unrelenting, and as I work across five Indian Ocean nations, I see their impact on lives, livelihoods, and entire economies. But here’s the thing: while the challenges are immense, so are the opportunities to prepare better. This past week, I made a quick stop in the UK, and it was both eye-opening and...
The Regional Emergency Preparedness and Access to Inclusive Recovery Program (REPAIR) is the culmination of over a decade of hands-on experience and deep commitment to disaster risk finance (DRF) in Southern Africa. What began as a simple idea sketched out on a piece of paper has now grown into a transformative and impactful program. As we speak with some of the members of the team behind the initiative, it becomes clear that the program, which is being launched in the second half of 2024, isn’t...
In this interview, Dr Olivier Mahul, Global Manager for Climate Finance Mobilisation at the World Bank, and former Ex-Officio Member of IDF Steering Committee and Co-Chair of IDF Operating Committee, reflects on his tenure at the IDF. From the beginning, Olivier was instrumental in advocating for the voices of the private insurance sector to be brought further into the global conversation on disaster risk finance, adding to the dialogue with governments and development agencies. His engagement...
Droughts have a catastrophic impact on the poorest and most vulnerable. They destroy livelihoods, create acute food insecurity, restrict economic growth, and put severe pressure on government budgets. Policies and investments to mitigate and prepare for droughts are crucial, but for the risk which cannot be managed away, a growing array of Disaster Risk Financing and Insurance (DRFI) programs have emerged in response to the needs of climate-vulnerable countries and their populations. These DRFI...
After a successful 2021 pilot disbursement of the Displacement Crisis Response Mechanism (DCRM ) – the world’s first displacement risk financing mechanism – the Government of Uganda initiated a second disbursement in 2023. The second disbursement was executed according to an adopted DCRM handbook, informing a transparent, needs-based, and pre-agreed process for selecting public service sectors and districts that will receive funds, in line with the World Bank’s new scorecard approach to...
Public-private knowledge partnership is critical to help developing countries develop climate and disaster risk finance strategies as the range of financial products offered by both development partners and the private insurance industry is increasing. The protection gap against climate shocks and disasters keeps growing in most developing countries. The increasing frequency and intensity of climate shocks such as droughts and floods pose a serious global threat, especially to vulnerable...