InsuResilience Global Partnership
Four steps to ensure it delivers for poor people
The Bond Development and Environment Group
Monday, February 12, 2018
This Bond DEG policy paper focuses on how to ensure the InsuResilience Global Partnership delivers for poor and vulnerable people.
Extreme weather events are increasing in both their frequency and cost, with poor and vulnerable people disproportionately suffering the consequences. Climate and Disaster Risk Financing (CDRF) can help governments, communities, and individuals absorb the financial costs of disasters - one aspect of resilience building. The creation of the InsuResilience Global Partnership, and its role to promote and enable the adoption of CDRF, is an encouraging step. However, to ensure that the Partnership maximises benefits for poor and vulnerable people, we propose four recommendations.
- The Partnership must ensure that CDRF is part of an integrated approach to risk management.
- Good governance requires civil society representation in its decision-making bodies and transparent mechanisms for engagement during the interim.
- The Partnership needs to develop a comprehensive Monitoring, Evaluation, and Learning (MEL) framework focused on developmental impact.
- The Partnership should set up a working group to develop and agree a set of pro-poor principles by August 2018.