Somalia - Disaster Risk Finance Diagnostic

This disaster risk finance diagnostic for Somalia was produced jointly by the World Bank Urban, Resilience and Land (URL) Global Practice and the Finance, Competitiveness and Innovation (FCI) Global Practice, in partnership with the Federal Government of Somalia’s Ministry of Finance. It was developed with inputs from federal and subnational authorities, development partners, and bilateral agencies.

This report provides a comprehensive assessment of: (i) Somalia’s climate and disaster risk profile, (ii) the economic and financial impact of past disasters, (iii) the status of disaster risk finance (DRF) instruments, (iv) data and early warning systems for risk-informed decision-making, along with humanitarian and other delivery channels for reaching affected populations and sectors, (v) the domestic financial sector and potential opportunities to leverage Islamic social finance, and (vi) a funding gap analysis and exploration of risk-layering strategies. The diagnostic concludes by offering a funding gap analysis and providing recommendations to the Federal Government of Somalia (FGS) and its humanitarian and development partners for strengthening the financial resilience of households, businesses, and the government against future disasters and climate shocks.

The report was originally uploaded on World Bank Documents: Link here