Republic of the Philippines: Disaster Resilience Improvement Program

The Philippines is highly exposed to climate and disaster risk, where the impact of disasters is often most devastating in cities, given their concentration of people and economic activities. Whilst city governments are at the forefront of disaster risk management, they often face funding shortages due to restricted financial flows or lack of budgetary allocation. The Asian Development Bank (ADB) is supporting the introduction of a city-level disaster insurance scheme to increase the ability of city governments to respond quickly and effectively to disasters, through funding support from the Asia-Pacific Climate Finance Fund (ACliFF).

Content Type
Case Study
Topic / Theme
Capacity Building, Climate & Disaster Risk Management, Gender, Risk Finance
Solutions / Instruments
Contingent Credit, Sub-Sovereign Risk Transfer
Region
Asia
Year
2021
Author
B. Ainabe, J. Ling
Organization
ADB