Contingent Disaster Financing under Policy-Based Lending in Response to Natural Hazards: Policy Paper
This paper proposes to introduce contingent disaster financing as a financing option under ADB’s policy-based lending policy to expand ADB’s toolkit for stepping up disaster preparedness and response.
This proposal builds on the experience in providing contingent financing for natural hazards for the Cook Islands in 2016; the Pacific Regional Disaster Resilience Program, covering Tonga, Samoa, and Tuvalu, in 2017; and Palau in 2018. It will clarify the scope, requirements, and business processes for contingent disaster financing operations to mainstream this instrument across ADB.
- Executive Summary
- Introduction and Background
- ADB's Response to Natural Hazards
- Proposed Contingent Disaster Financing Under Policy-Based Lending