Encep Sundarwan: Indonesia's Journey in Disaster Risk Financing

Encep Sudarwan (Director of Policy Formulation of State Asset, Ministry of Finance, Indonesia) shares Indonesia's progress in disaster risk financing, highlighting efforts to protect public assets like schools, healthcare facilities, and government buildings through insurance and fiscal strategies. He discusses the development of a disaster pooling fund, asset registries, and national disaster finance strategies since 2018. Encep emphasizes the importance of strong government ownership, regulatory frameworks, and collaboration with development partners like the World Bank to address disaster risks. He acknowledges the challenges of low insurance penetration and stakeholder engagement but remains optimistic about expanding and strengthening Indonesia's disaster risk financing programs.