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Small Island States include two-thirds of the countries that face the highest losses due to natural disasters, and the costs are growing. Tropical cyclones alone cause an estimated $835 million of damages in the Caribbean and $178 million in the Pacific each year. These recurrent losses undermine growth and add to national debt. However, proven interventions can increase the capacity to anticipate, absorb and bounce back from natural disasters.
Small Island States have consistently called for adequate, predictable and effective flows of finance to help them address these challenges. SISRI will help island nations to scale up the responses that work, generating measurable improvements in their resilience to climate change and natural disasters.
SISRI will deploy a specialized team of technical experts who work specifically on island challenges. Through this team and a series of Knowledge Notes, it will help countries tap the best available lessons learned on risk financing, social safety nets, safer infrastructure, disaster recovery and other key topics. It will help deliver financing at scale, moving from small and piecemeal projects towards predictable financing that gets results.
More information:
Building Resilience: Integrating Climate and Disaster Risk Into Development (report, downloadable)
GFDRR Thematic Group Webpage
Related Content
Resources
- Southwest Indian Ocean Islands and financing strategy for disaster risk (Journal Article)
- DRM Specialist, World Bank (Opportunity)
- Building Resilience: Integrating Climate and Disaster Risk Into Development (Publication)
- UR2016 Proceedings (Publication)
