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Disaster Risk Financing

The Disaster Risk Financing (DRF) Technical Working Group was established in 2019 in response to a need to better understand the current landscape of existing DRF mechanisms available to the region and the gaps. It aims to foster regional cooperation, broker knowledge, strengthen the enabling environment for DRF at the national level, and promote private sector engagement.

Explore our Disaster Risk Financing tools:

DRF Strategy Monitoring Tool

The DRF Strategy Monitoring Tool provides an overview of the development and implementation status and related documentation of DRF strategies and policies across the Pacific.

DRF Country Manuals

The DRF Country Manuals tool provides country-specific guidance on DRF and its enabling environment to facilitate improved preparedness and response (incl. post-disaster budget execution).

DRF Country Benchmarking

The DRF Country Benchmarking tool provides information on country practices across different dimensions of the DRF cycle, identifying good practices and gaps.

Learn more about the DRF Technical Working Group:

At the 2021 Pacific Forum Economic Minister Meeting (FEMM), agreed that the Technical Working Group (TWG) will serve as an expert group for advisory support to FEMM on Disaster Risk Finance. The TWG as a collaboration of partners and Forum Island Countries, facilitate priorities of the FEMM in the DRF space and ensure the Economic Ministers are regularly apprised of new and emerging opportunities for strengthened financial protection against disasters.

The TWG current membership includes the Fiji Ministry of Finance, Strategic Planning, National Planning & Development; Tonga Ministry of Finance, Samoa Ministry of Finance, SPC, FAO, Australia Pacific Climate Partnership, WFP, UNDRR, IFRC, OCHA, PFIP/PICAP, World Bank, ADB, MFAT, DFAT, Oxfam Pacific, Citywide Youth Network, and Fiji National Provident Fund.

DRF Technical Working Group Working Pillars

Fostering
Regional Coordination

  • Coordinating across regional organizations and agencies working in the DRF space.
  • Update the DRFTWG Risk Financing Capability Mapping of projects and activities in the region
  • Engagement with member countries including NGOs and CSOs

Brokering
Knowledge

  • Intra and inter-regional peer to peer learning
  • Establish an online repository of
    DRF information through the PRP website
  • Establish and coordinate DRF
    Learning Series
  • Strategic Communications
  • DRF Symposium

Strengthening the Enabling Environment for DRF at the National Level

  • Support the ongoing roll out of
    DRF focused awareness programs in member countries
  • Coordinate opportunities for DRF training programs for national stakeholders
  • Integrate DRF components into
    DRM courses in University of the South Pacific
  • Support development of national
    DRF strategies of member countries

Promoting Private Sector Engagement

  • Undertake private sector mapping of DR needs of countries
  • Provide DRF facilitation to subregional private sector workshops for Polynesia and Micronesia
  • Convene dialogue on enhancing
    PPP DRF opportunities