A Disaster Risk Financing (DRF) Strategy is an essential element that can help Pacific Island Countries (PICs) develop ways to meet the costs associated with reducing and addressing economic and social losses from various types of disasters and climate change impacts.
The main purpose of this Disaster Risk Finance (DRF) strategy guideline is to enable the design of feasible, effective, efficient, and adaptable financing mechanisms and formulate underlying financial instruments, for disaster risk reduction, retention and transfer. The guideline will provide a step-by-step account of how Pacific Island countries can develop national DRF strategies. It will touch upon the characteristics, strengths, and weaknesses of these instruments, and how they can be combined to develop a coherent, cost-effective approach.
This publication is brought to you by the Pacific Insurance and Climate Adaptation Programme, which is jointly administered by the United Nations Capital Development Fund (UNCDF), the United Nations Development Programme (UNDP) and the United Nations University Institute for Environment and Human Security (UNU-EHS). The programme receives financial support from the Governments of New Zealand, Australia, and Luxembourg. The Fiji component receives additional funding from the India UN Partnership through the UN Office of South-South Cooperation (UNOSSC).