Community Resilience Financing Partnership Facility
Asia and the Pacific region needs to scale up investments in climate adaptation at the community level.
Climate and poverty nexus. Poor and vulnerable communities are disproportionately affected by climate shocks and stresses, thereby requiring explicit investments that build resilience of the poor.
Targeted support for women and girls. Women and girls are impacted differently compared to men and boys due to pre-existing gender inequalities, and thus require targeted support that promotes their empowerment in climate resilience actions.
The COVID-19 pandemic and underlying vulnerabilities. The COVID-19 crisis has reinforced inequalities, with a disproportionate impact on the poor, thereby highlighting the need for having resilience-building at the center of the COVID-19 recovery.
Climate finance for poor communities. Implementing climate adaptation measures at the local level requires financial resources that is patient and long-term and directly respond to local needs, yet limited climate adaptation finance is currently reaching the local level.
Addressing the above challenges will require scaling up adaptation investments that are locally led, yet delivered at scale, and build resilience by addressing underlying drivers of vulnerability.