What Role Financial Instruments Can and Cannot Play in Disaster Risk Management
- Irina (email@example.com); Sarah H (firstname.lastname@example.org)
In the past decade, a wide variety of financial instruments have emerged as important mechanisms to incentivise policy and behavioural change to reduce disaster risk, prevent the creation of new risk, respond to and manage residual risk. While these tools can be an important component of disaster risk management, challenges and limitations in their use have emerged. This session will bring together key stakeholders from across sectors to discuss good practices in designing risk financing and risk transfer strategies that fit the hazard risk exposure and the economic, social and political realities of the population they are designed to protect. It identifiec complementarity among different financing instruments and the challenges and limitations of the various tools. The roles of various international and domestic stakeholders will be examined as will the actions to develop and implement strategies for disaster risk financing and risk transfer and the essential components of such strategies.
Lamin B. Dibba, Minister of Environment, Climate Change and Natural Resources of The Gambia
Elke Löbel, Deputy Director-General, German Federal Ministry for Economic Cooperation and Development (BMZ) Germany
Adam Banaszak, Committee of the Regions, EC, Vice President of the Kujawsko-Pomorskie Regional Parliament in Poland
Tamisha Lee, President Jamaica Network of Rural Women Producers, representing the World Farmers’ Organisation
Ann Vaughan, Mercy Corps-Head, Advocacy & Influence – Mercy Corps