Disaster Risk Financing meets Adaptive Social Protection: Maximizing the effectiveness of shock response
Social protection has proven its worth in numerous crisis situations. When social protection systems can adapt quickly and flexibly to changing circumstances, they are better able to meet people's needs in the face of shocks and prevent poor and vulnerable households from falling into or remaining in poverty due to the impact of shocks.
Adaptive Social Protection (ASP) systems can flex or scale up support before, during, or after a crisis by providing timely temporary assistance to affected households. For this prearranged financing needs to be in place: Linking Disaster Risk Financing (DRF) approaches to ASP have several advantages, including the ability to accelerate the delivery of assistance to those affected, with risk management and financing plans in place that can be acted upon quickly. For this reason, disaster risk financing tools and instruments are increasingly being used to enable timely response through adaptive social protection.
This webinar explored the challenges and opportunities for applying a disaster risk financing approach to adaptive social protection and derived key lessons from a cross-sector perspective. To this end, the audience was provided with an overview of key DRF concepts for ASP as well as with insights into two different risk contexts where the linkages between DRF and ASP are being applied.
This is the 10th session of the ‘ASPects — Practice Exchange on Adaptive Social Protection’ webinar series. ASPects brings together practitioners, leading experts and policy makers to share and exchange perspectives on Adaptive Social Protection (ASP). Each webinar within the series focuses on specific practically relevant aspects of one related ASP Building Block (Institutional Arrangements and Partnerships, Programs, Data and Information Systems, Finances). This webinar session will look into adaptive social protection from the angle of Building Block 3 (Finances).
Alexander Jäger, Senior Specialist at World Bank
Felix Lung, Social Protection Specialist at World Bank, Washington D.C.
Mulder Mkutumula, Scalable Coordinator at National Local Government Finance Committee (NLGFC), Malawi
Raja Nazaruddin, Associate Project Manager, United Nations University - Institute for Environment and Human Security (UNU-EHS)
Moderator: Veronika Bertram, Lead Risk Finance Advisor at Centre for Disaster Protection (CDP)