PUBLICATIONS CENTRE
COST MULTIPLES FOR PRE-ARRANGED FINANCING: A COMPARISON OF INSTRUMENTS FROM INTERNATIONAL FINANCIAL INSTITUTIONS
With growing fiscal constraints, governments and development partners face increasing pressure to maximise the impact of every dollar spent. To address this, the UK Government Actuary’s Department and the Centre for Disaster Protection developed an analytical framework to evaluate the cost-effectiveness of various instruments offered by international financial institutions. This working paper presents a framework that compares contingent loans, grants from multilateral development banks, catastrophe bonds, and insurance provided through regional risk pools. The analysis reveals that while some instruments are more cost-effective for frequent events, others perform better for less frequent, high-impact shocks.
A YEAR IN REVIEW: ANNUAL REPORT 2023-24
A Year in Review is the Centre’s first published annual report. It details our progress and the challenges we’ve encountered, and showcases our impact from July 2023 to June 2024.
A SOCIAL PROTECTION ‘RISK DEAL’: THE MISSING ELEMENT FOR CONNECTING MONEY-IN AND MONEY-OUT
This working paper asks what is required for social protection systems to deliver timely, predictable, well-targeted and cost-effective shock response to disasters. Currently, international support for two key elements – namely, investments in shock-responsive social protection and securing pre-arranged funds for shock response – are growing. The paper, however, argues that a third, linked element is necessary: the need for governments to clarify a shift in the social contract through reliable disaster-contingent public policy and for international actors to align behind this objective.
FINANCING ADAPTIVE SOCIAL PROTECTION IN BURKINA FASO
As part of the Centre for Disaster Protection's support to the World Bank Sahel Adaptive Social Protection Program (SASPP), the UK-funded Sahel Shock Response Programme seeks to develop a baseline of in-depth analysis on the social protection and disaster risk financing (DRF) landscape in the Sahel region. This is the first in a series of diagnostic reports aimed at informing the design and programming of the Centre’s support to the SASPP.
Available in English and French.
MEASURING THE CRISIS PROTECTION GAP: A SUMMARY OF RESEARCH EXPLORING TECHNICAL APPROACHES FOR ESTIMATING GLOBAL CRISIS PROTECTION COSTS
The number of people whose lives are threatened by crises is increasing and current responses are inadequate and inefficient. Pre-arranged financing is a critical component in improving crisis response. Therefore, understanding the gap between crisis financing needs, and how much is pre-arranged, could have a wide range of benefits. This report synthesises research exploring the feasibility of producing quantitative estimates of the costs of crisis protection across a variety of geographies and crisis types. Based on this research it presents a conceptual framework and provides demonstration analyses. The conclusions shine a light both on how it is increasingly possible to generate forward looking estimates of crisis protection gaps, what challenges remain and the benefits of overcoming these challenges.
THE ROLE OF DISASTER RISK FINANCE IN TACKLING PANDEMIC AND EPIDEMIC RISK
This note intends to shift the discussion on pandemic and epidemic risk finance to a practical approach about the benefits of applying a disaster risk finance (DRF) lens to new financial mechanisms as they are developed and deployed. It outlines key trends of financial flows toward outbreak response and identifies relevant emerging initiatives and opportunities to help governments scale up pre-agreed finance.
MAKING DISASTER RISK FINANCING WORK FOR RISK-AFFECTED PEOPLE
Accountability is a core principle for making Disaster Risk Finance (DRF) work for risk-affected people. Although DRF actors are widely committed to this, there is not yet a shared understanding of what accountability means and how it should be applied. This guidance note is therefore intended as a common framework to support practical approaches to meaningful accountability across the sector, with the aim of assuring financing that is in the best interest of the at-risk communities that it seeks to serve. It can be used by anyone involved in DRF, including those promoting, designing, delivering and supporting DRF.