Indonesia’s Pooling Fund Bencana: Knowledge Exchange Visit on Disaster Risk Financing and Insurance (DRFI) in Switzerland
Between October 30 and November 3, 2023, the World Bank’s Finance, Competitiveness, and Innovation (FCI) team organized a knowledge exchange trip for Indonesian government officials to Switzerland to enhance their comprehension of the Swiss Disaster Risk Finance (DRF) and Disaster Risk Management (DRM) systems. The objective was to facilitate a technical knowledge exchange to help the Government of Indonesia implement its Pooling Fund for Disasters (Pooling Fund Bencana, PFB) and the state asset insurance (ABMN) program. Both these programs are anchored under the country’s disaster risk finance strategy that was financed with support from the Swiss State Secretariat for Economic Affairs (SECO). This unlocked further funding from the governments of Germany, the U.K., and Japan for implementation of the two programs.