Publication: Disaster Risk Financing: What it is and What it isn’t for Adaptive Social Protection In the Sahel - Debunking Myths About DRF in the Sahel
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Date
2022-11
ISSN
Published
2022-11
Author(s)
Lung, Felix
Abstract
Adaptive safety nets are cash
transfer programs that can rapidly increase beneficiary
coverage, or the cash amounts they provide in response to
disasters. Disaster risk financing (DRF) provides a set of
tools and instruments that can efficiently help finance the
costs of such responses. In the West Sahel, where chronic
food insecurity and vulnerability are high and safety net
coverage, data availability, and government fiscal space
often remain limited, some of the common approaches to DRF
meet their limitations. This note draws out some of these
limitations and suggests ways for policymakers to address
them. Among these, it suggests that governments in the Sahel
focus on building reliable social protection delivery
systems before turning to DRF; design DRF strategies that
account for continued external assistance; focus first on
more frequent, lower severity shocks rather than the extreme
ones; and start their DRF engagements with sectoral DRF
strategies rather than comprehensive national ones that try
to address all disaster risks, costs, and sectors.
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Citation
“Lung, Felix. 2022. Disaster Risk Financing: What it is and What it isn’t for Adaptive Social Protection In the Sahel - Debunking Myths About DRF in the Sahel. © World Bank, Washington, DC. http://hdl.handle.net/10986/38317 License: CC BY 3.0 IGO.”