WRC5 Technical Session: Exploring Anticipatory Financing to Address Recovery Needs
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Anticipatory financing is a mechanism that allows the release of pre-planned funds in the event of imminent disaster or a shock event, which significantly speeds up response and recovery efforts, running ahead of traditional financial aid provision and economic recovery, which require a lot more time and coordination (Weingärtner & Wilkinson, 2019). That said, anticipatory financing should not be understood as a substitute for investment and action to reduce vulnerability and ensure long-term recovery, but should instead be seen as an integral component of disaster risk management, recovery, adaptation and resilience (ODI, 2020).
To be effective, FdF and anticipatory financing require planning, dedicated funding, establishing systems and distributing roles to stakeholders. Options could be diverse and should be applicable to the local context. This requires improved understanding of the benefits of anticipatory financing, the mechanisms behind it, how it can be integrated into existing policy and practice, and how can different stakeholders contribute and engage in this process.
- Discuss the role of anticipatory financing for recovery
- Identify gaps and opportunities for the establishment and adoption of anticipatory and forecast-based financing mechanisms for improved and more resilient recovery
- Provide examples and share practices from the implementation of anticipatory financing approaches >
- Identify stakeholders’ roles and engagement
- Mr. Abhilash Panda, Deputy Chief for Intergovernmental processes, Partnerships Branch and the Head for Infrastructure Resilience, the United Nations Office for Disaster Risk Reduction (UNDRR)
- Mr. Ronald Jackson, Head of the Disaster Risk Reduction, Recovery for Building Resilience, UNDP, and Chair of the International Recovery Platform Steering Committee
- Mr. Matthias Amling, Senior Desk Officer Humanitarian Assistance, Auswärtiges Amt – Federal Foreign Office, Government of the Federal Republic of Germany
- Ms. Cristel Pratt, Assistant Secretary-General, Environment and Climate Action, Organization of African, Caribbean and Pacific States (OACPS)
- Ms. Aisha Jamshed, Director for Welthungerhilfe Pakistan, Coordinator for Start Network's Disaster Risk Financing (DRF) for Pakistan
- Ms. Quynh Tran, Humanitarian Affairs Officer, Policy Branch, UNOCHA
- Ms. Kara Siahaan, Head of the Anticipation Hub
Where do we stand
Session guiding questions
BICC Ground Floor
ParticipationOpen to those registered for the conference
InterpretationEN, FR, ES
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