Description:
The frequency and severity of humanitarian disasters will continue to grow in the coming years and at an accelerated pace. Climate experts predict that by 2015, 375 million people a year will be affected by climate related disasters, up from 263 million in 2010. To respond to the growing risk arising from natural hazards, the international community needs to develop and operationalize innovative ways of managing risk. Low-income countries and donors are becoming increasingly interested in sovereign DRFI as a way to increase financial resilience to disaster events. There is a need for better evidence to guide support in sovereign DRFI programs, to maximize their impact and reduce the human and economic cost of disasters. There are very few evaluations of sovereign DRFI programs. Those that exist are not consistent in their methodology, and typically do not directly address the impact of programs on poor people. Without tools to objectively appraise potential programs and better evidence on what works, increasing investments in sovereign DRFI programs and instruments may be poorly targeted. This project complements DFID and the World Bank’s drive to develop and implement evaluation tools to identify impact of projects or policy initiatives. The project will utilize the World Bank’s strong network of partner organizations to provide the required technical thinking, while also drawing on DFID’s strong culture of learning and evaluation