Read on Twitter
That feeling when you've been working on a @centrefordp report for a year, it's printed & delivered...And then the biggest crisis in a generation hits. You re-read it...
And realise your call to action is now more relevant than ever!
Report here: https://www.disasterprotection.org/crisisfinance 1/7
And realise your call to action is now more relevant than ever!
Report here: https://www.disasterprotection.org/crisisfinance 1/7
Thanks to coauthors @poole_lydia & @sophiaswithern, & advisory group including @CoughlanClimate @KimberlyGire @djomtzigt @patersonchrisp @NicolaRanger @PatrickSaez2 @RachelJ_Scott @JonathanStone10 @liam_econ. And to #UKaid for funding: 2/7
Key messages:
1. The future can and should be planned for. Unlikely things happen but that doesn’t mean countries should be caught off guard. Need to rebalance aid from discretionary ex-post crisis funding towards pre-agreed financing deals/packages. https://www.disasterprotection.org/s/Crisis-financing-logic.pdf 3/7
1. The future can and should be planned for. Unlikely things happen but that doesn’t mean countries should be caught off guard. Need to rebalance aid from discretionary ex-post crisis funding towards pre-agreed financing deals/packages. https://www.disasterprotection.org/s/Crisis-financing-logic.pdf 3/7
2. We need innovative crisis finance instruments @ scale. This won’t come from finance experts working in a vacuum, but from better linking of instruments w/crisis objectives, accountability mechanisms, engaging vulnerable, & strategic risk-approaches. https://www.disasterprotection.org/s/Updated-Crisis-Financing-Instruments.pdf 4/7
3. If you want #crisisrisks to be well managed, make it someone’s job to make financial sense of the future. If you don’t, don’t be surprised if crisis #riskmanagement remains an experimental plaything: https://www.disasterprotection.org/latest-news/covid-19-caught-the-world-off-guard-pandemics-must-never-surprise-us-again 5/7 #disasterrisk #disasterfinance #coronavirus
4. Language matters. I’m particularly happy with our new proposed definitions for crisis, #crisisfinancing ‘crisis #riskfinancing’ & ‘crisis financing instruments’. The international system can use for #covid19's lessons & the coming #climatecrisis https://www.disasterprotection.org/s/Key-terms.pdf 6/7
Please explore the main report, The Future of Crisis Financing: A Call To Action, and supporting briefs, shared above.
Questions? Do put them to me and the @centrefordp - we are keen to open up this discussion!
My thanks again to our team and all who supported this work. 7/7
Questions? Do put them to me and the @centrefordp - we are keen to open up this discussion!
My thanks again to our team and all who supported this work. 7/7
