ENSURING IMPACT: THE ROLE OF CSOS IN STRENGTHENING WORLD BANK DISASTER RISK FINANCING
Drawing on examples from around the world, this paper argues that civil society organisations play a vital role in ensuring that crisis financing approaches are designed and delivered effectively. It concludes that in IDA19, CSOs should be more actively engaged in its crisis financing work.
Related publications
We explore the key issues in developing a methodology for calculating pre-arranged funding, including what sort of funding would ‘count’ as pre-arranged, and starts to unpack the challenges of calculating this. This note supports the dialogue on this issue, and as a contribution to donors and IFIs who are considering how best to calculate pre-arranged funding.
The Future of Crisis Financing: A Call to Action sets out a new vision for international crisis financing, based on planned approaches and appropriate financing packages and instruments.
This paper aims to identify available data and methodologies, explore whether these could support a global database to track disaster-related financial flows, and map financial flows to three events in order to outline the scope and limitations of available information: Typhoon Haiyan in the Philippines; the 2015/2016 El Niño-induced drought in Malawi; and Hurricane Maria in Dominica.
This paper charts the evolution of the World Bank’s approach to crisis risk financing. It acknowledges significant progress in recent years, but identifies a number of actions that could be taken to accelerate the proposed ‘pivot to prevention and preparedness’.
This paper proposes an innovative approach to financing contingent liabilities using IDA to purchase a contingent loan with hard triggers, on concessionary IDA terms. The payout is used to buy down the cost of a commercial loan (such as IDA’s Scale-Up Facility) to concessionary IDA terms.
Lessons for IDA from the UK Government’s approach to explicit contingent liabilities. This paper draws on learning from the UK’s Contingent Liability Approval Framework to consider how IDA could better support the systematic identification and management of contingent disaster liabilities for its client countries.