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Disaster Risk Management Programs for Priority CountriesIn GFDRR ’s track two, mainstreaming disaster risk reduction in development, this lead to a prioritization of operations in 20 core countries, including Burkina Faso, Djibouti, Ethiopia, Ghana, Haiti, Indonesia, Kyrgyz Republic, Madagascar, Malawi, Mali, Marshall Islands, Mozambique, Nepal, Panama, Papua New Guinea, Senegal, Solomon Islands, Togo, Vietnam, and Republic of Yemen. The countries were selected due to their high vulnerability to natural hazards and low economic resilience to cope with disaster impacts including anticipated climate change and variability. Two thirds of the countries are least developed countries and twelve are highly indebted poor countries. Nine are from Africa and several others are Small Island States at high risk. These 20 core countries will receive 80 percent of available funds while 20 percent will be made available for flexible, innovative, high impact grants, such as those that catalyze increased investment programs and integration of disaster risk reduction and climate change adaptation in development in any disaster prone country. A multi-stakeholder planning process lays the foundation for the comprehensive national programs for disaster risk reduction and climate change adaptation. The process ensures the facilitation of ownership by governments for their risk. The presented programs are indicative and further dialogue with the Governments and other partners will refine the agendas as the detailed planning and implementation phases start. At the sixth meeting of the GFDRR Consultative Group in Geneva, disaster risk management plans are put forward for 25 out of the 31 priority and donor-earmarked countries. The plans for the six remaining countries of Burkina Faso, Madagascar, Malawi, Mali, Senegal, and Timor-Leste will be submitted at the seventh meeting of the GFDRR Consultative Group since consultations in these countries are still ongoing.
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Insurance against Climate Change : Financial Disaster Risk Management and Insurance Options for Climate Change Adaptation in BulgariaBulgaria is exposed to nearly all types of climate extremes, including floods, droughts, and others, as well as earthquakes. The combination of insurance products, early warning systems, information campaigns, infrastructure adaptation measures, and strict regulations can be very useful in tackling the negative climate change impacts. This note provides an overview of the insurance sector s contribution to climate change - related risk prevention and highlights some of Bulgaria s ongoing disaster risk management (DRM) efforts. The note aims to raise awareness and emphasize the role that financial disaster risk management (FDRM), including insurance, can have in climate change adaptation. Based on a desk review and preliminary in-country stakeholder consultations, the note s findings are meant to motivate new thinking and serve as an engagement tool for ongoing in-country discussions, as well to help identify analytical work to be carried out in the future. Based on the preliminary review of Bulgaria s specific context, several ideas are being put forward to be further explored in the ongoing discussions toward creating FDRM products to address the major natural disasters (in particular, floods, droughts, and earthquakes) and improving adaptation to climate change. Potential areas of analysis that can be further explored and, as such, plant a seed for future action can focus on promoting risk prevention and deploying insurance instruments, including issues around traditional risk management, technology innovation, compulsory disaster insurance, forecast insurance, and disaster insurance pools. The analysis which will assess the extent of vulnerability of the subjects covered by existing insurance products, can subsequently lead to the decisions on priority insurance products to be introduced in the future.
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Understanding Risk in an Evolving World : Emerging Best Practices in Natural Disaster Risk AssessmentThe 10-year-long Hyogo Framework for Action (HFA) set out to substantially reduce impacts from natural disasters by 2015. Despite efforts toward this goal, economic losses from natural disasters are rising from US$50 billion each year in the 1980s, to just under $200 billion each year in the last decade (World Bank and GFDRR 2013). The economic losses sustained by lower- and middle-income countries alone over the last 30 years represent a full third of all total development assistance in the same time period, offsetting tremendous efforts by governments, multilateral organizations, and other actors. As the HFA period ends against a backdrop of challenging disaster risk trends, and consultations toward a post-2015 framework move forward, it is important to reflect on the role of disaster risk assessments in achieving disaster and climate resilience, and on the contributions risk assessments have made over the last 10 years. Understanding Risk in an Evolving World: Emerging Best Practices in Natural Disaster Risk Assessment, which was developed to inform post-HFA discussions and the 2015 Global Assessment Report on Disaster Risk Reduction (GAR),1 reports on the current state of the practice of risk assessment and on advances made over the last decade.