What makes for good Disaster Risk Financing (DRF)? Promoting and targeting prevention, preparedness, and response to crises.
The Centre for Disaster Protection dives into the 7 habits of highly effective DRF, some of which are often overlooked. For example, habit number 5, “Providing a trusted guarantee”, gives households confidence in a social contract, confidence that it will be there to support people.
In addition, Deirdre O’Sullivan-Winks from the Centre for Disaster Protection highlights the importance of a strategic DRF which includes prioritizing risks, ensuring alignment, ensuring complementarity, and ensuring integration in long-term planning and policies.