Global

Disaster Risk Finance for Social Protection Supports Better Response to COVID-19 and Other Risks

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The COVID-19 pandemic is having a large negative impact on all economies given the health shock, global economic slowdown, and the impact of domestic containment measures. Linking risk financing to shock-responsive safety nets, as Kenya and Uganda have done and as Malawi, Sierra Leone, and countries across the Sahel are planning to do, can be a game-changer for resilience. The social protection sector provides important lessons for managing future risks.