Disaster Risk Financing and Insurance (DRFI) in Dominican Republic
November, 2015 - A study on the status and opportunities on disaster risk financing and insurance in Dominican Republic has been published under the Mainstreaming DRM and CCA in Public Investment, Territorial Planning and Public Finances Project, financed by the ACP-EU NDRR program. The publication, prepared in partnership with the Ministry of Economy, Planning and Development, analyses the fiscal and economic impact of natural disasters in the country mainly based on historical information.
The study shows that potential annual average losses associated with earthquakes and cyclones can add up to $670 million, equivalent to 1.1 percent of GDP in 2013 and provided some short and medium term options to strengthen the financial protection of the country against disasters.This study will set the basis for developing a national disaster risk financing strategy.
The report can be found here (available in Spanish only)
Understanding Risk, Financing Resilience in Sub-Saharan Africa
Flooding in Malawi in January 2015 increased poverty rates throughout the country. Photo credit: UNDP
The European Union (EU), the Global Facility for Disaster Reduction and Recovery (GFDRR), and the World Bank Group jointly launched the Africa Disaster Risk Financing (ADRF) initiative at the Understanding Risk and Finance Conference in Addis Abba on November 17, 2015. This five-year initiative, valued at 20 Million Euro (US$22.7 million), expects to:
● Strengthen the capacity to generate, access, and use information on disaster risk to develop strategic financial protection and risk reduction programs.
● Enhance capacities to incorporate disaster and climate risk information in decision making.
● Develop strategies to increase financial resilience against natural hazards.
● Facilitate sharing of knowledge and best practices on risk finance solutions relevant for African countries.
For more information on the ADRF initiative which is part of the new Building Disaster Resilience in Africa program, please click here to see the full article.
The next Understanding Risk Conference will be held May 16-20 2016 in Istanbul, Turkey. For more information, please visit the Understanding Risk website.
The Cabo Verde Post Disaster Needs Assessment is published with the support of ACP-EU NDRR Program
September 2015 - The eruption of the Pico do Fogo volcano began on 23rd of November 2014 and continued until February 8th, 2015. By the end of the eruption, the lava had covered an era of approximately 520 ha with an average 8-meter height lava wall.
The 88 days of intense and effusive eruption culminated in the total destruction of all houses and community infrastructures of the localities of Portela and Bangaeira - Chã das Caldeiras, forcing the evacuation and displacement of 994 people.
At the request of the Government of Cabo Verde, a Post Disaster Needs Assessment was undertaken with the support of the ACP- EU NDRR Program and has now been published. Please click here for the Portuguese version and here for the report in English.
The PDNA is the result of the efforts of the Government of Cabo Verde and its international partners aiming at providing the country with an assessment based on an internationally accepted methodology for resource and partnership mobilization in order to effectively recover and reconstruct after disaster events.
Rwanda launches National Risk Atlas thanks to ACP–EU NDRR Program assistance
September 2015 - The Government of Rwanda (GoR) has launched its first National Risk Atlas, thanks to a financial support of the ACP-EU NDRR Program. In close collaboration with UNDP, European Union and the World Bank,the National Risk Atlas was developed through a comprehensive risk assessment process led by the GoR.
The National Risk Atlas of Rwanda focuses on five main hazards: drought, landslide, flood, earthquake and windstorms. It highlights the different levels of vulnerability and exposure in relation to these hazards throughout Rwanda, while at the same time, outlining key mitigation recommendations designed to reduce risk.
With the introduction of this new tool, the country is expected to benefit from evidence-based development decisions that make investments risk informed and sustainable. The consolidation of accurate risk data will feed into the national risk management strategy, helping decision makers better protect human lives, economic assets and more effectively allocate scarce resources in disasters.