Disaster Risk Financing Policy 2022-2025.

The Disaster Risk Financing Policy has been developed to assist in understanding, assessing, and planning for the natural disasters. The Policy provides a framework to protect and safeguard the people and the economy from adverse impacts of disasters through the use a set of disaster risk financing instruments. Collectively, these instruments provide liquidity and budgetary support in the event of a natural disaster. The Policy includes five strategic priorities to protect and safeguard the people and the economy : (i) identify and quantify disaster-related economic and fiscal risks; (ii) contribute to the National Budget and Planning; (iii) explore options to transfer disaster risks to the private sector; (iv) identify a cost-efficient combination of disaster risk financing instruments; and (v) build institutional capacity on disaster risk financing. The Policy is designed in 8 Sections.