Disaster Risk Finance: A Primer:Core Principles and Operational Framework

A growing number of governments are moving toward a proactive (and more cost-effective) approach to financial planning, one that protects national budgets as well as the lives and livelihoods of their residents from the impacts of disasters.

This approach complements other elements of a comprehensive disaster risk management strategy, ranging from investments in risk reduction to improved preparedness and resilient recovery and reconstruction. Financial protection involves planning ahead to better manage the cost of disasters, ensure predictable and timely access to muchneeded resources, and ultimately mitigate long-term fiscal impacts