Linking disaster risk financing with social protection

It is widely agreed that pre-arranged finance, which can be quickly and reliably disbursed in the event of a disaster, is critical in enabling social protection systems to protect people in the case of shocks like extreme climate events. In recent years, international organisations, donors and countries have begun to explore how to link climate and disaster risk financing instruments (CDRFI) with national social protection systems in order to strengthen preparedness and support early action and shock response at scale. Some of these instruments include forecast-based financing and micro and macro insurance.
While there is an imminent need to further invest in evidence generation on the cost-effectiveness of coordinating DRF instruments with social protection systems, there is also a growing recognition that relying solely on ex-post funds, such as humanitarian assistance budgets or ad-hoc budget allocations, to support hazard affected populations is not sustainable, especially in the context of increased risks and exposure provoked by climate change. Emerging debates are also highlighting the potential benefits of forecast-based financing to support individuals and communities in advance of a shock by strengthening early warning systems and setting up anticipatory action (AA) mechanisms to respond to or minimize the impacts of an impending crisis, including through social protection.
This webinar contributes to the debate on the benefits of strengthening the linkages between DRF and social protection systems. It draws from the parallel event Climate, Disaster Risk Financing and Social Protection: the increasing role of pre-arranged financing for social protection in the Global Shield and beyond that took place at the Global Forum on Adaptive Social Protection on June 14th 2023 in Berlin.
It will bring together experts from governments and international organisations that have worked on the agenda to take stock on the different opportunities, challenges and lessons learned of linking pre-arranged financing instruments with social protection systems and reflect on the key insights emerging from recent programmes and pilots.
Webinar page: socialprotecti...
Speakers:
Evie Calcutt, Financial Sector Specialist, Crisis and Disaster Risk Finance, World Bank Malawi
Amit Kumar Garg, Development Economist, UN Capital Development Fund (UNCDF)
Eliseo Arauz, Programme Associate, WFP Nicaragua
Jennifer Phillips, Advisor, InsuResilience Global Partnership
Moderator: Anna Carolina Machado, Social Protection Specialist, World Food Programme
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