Financial Protection: Resilient Livelihoods
Disasters—and their economic and social impacts—are on the rise. While disasters do not discriminate, they tend to have the greatest impact on the poorest. These households have limited assets and limited capacity to absorb shocks, so disaster impacts can have long-lasting consequences for them. Furthermore, women and girls often bear brunt of direct (mortality rates higher among women) and indirect (negative impacts on nutrition and school performance are disproportionately high among girls) impacts of disasters1 . Rapid assistance during a crisis is essential to build the resilience and protect the welfare of poor and vulnerable households. Disaster Risk Finance (DRF) can play a role in ensuring that disaster response mechanisms react and respond quickly.
Disclaimer: our work in Kenya and Uganda is generously supported by the European Union (EU)-funded Africa Caribbean and Pacific-EU Africa Disaster Risk Financing Initiative, managed by the Global Facility for Disaster Reduction and Recovery.