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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...
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...
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...
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...
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...