The CCRIF is a regional insurance facility owned and operated by 16 Caribbean governments. The facility insures the governments against the impacts of catastrophic hurricanes and earthquakes and allows them to access liquidity on short notice using parametric triggers. For earthquakes the triggers are based on USGS data on the location, intensity, and likelihood of […]
“As part of its disaster risk management efforts, the Federal Government of Mexico established the Fund for Natural Disasters FONDEN to support disaster relief and reconstruction. FONDEN was originally established as a budgetary tool through which federal funds were annually allocated for expenditure on post-disaster response. Since then, FONDEN has evolved significantly; changes to its
Mexico’s Natural Disaster Fund – A Review Read More »
Disaster Risk Financing (DRF) encompasses strategies, tools, and mechanisms that enable governments, organizations, and communities to secure funding before disasters strike, ensuring faster, more effective response and recovery. As disasters become more frequent and costly, disaster risk financing has emerged as a key component of disaster risk management and climate adaptation to help manage the
Disaster Risk Financing Read More »