Countries in the Latin America and theCaribbean (LAC) region are highly exposed to frequentnatural hazards leading to disasters. Usually, poor andvulnerable populations are adversely affected by the effectsof disasters since they have less ability to cope andrecover. Rapid assistance in the immediate aftermath of adisaster is an essential part of strengthening resilienceand protecting the welfare of poor and vulnerablehouseholds. If ex-ante physical and financial measures arenot included in disaster preparedness, there can beconsiderable delays in post-disaster response, potentiallysignificantly exacerbating the adverse human and economicconditions of the poor and vulnerable, pushing them deeperinto poverty. Social Protection (SP) has an important rolein helping the poor and vulnerable populations cope with theimpacts of natural hazards as well as building long-termresilience. Ensuring the availability of financing toscale-up Social Protection after disasters is thereforecritically important for LAC countries. LAC countries havedemonstrated experiences using various risk financingapproaches and participating in risk financing arrangements.Despite this, few countries have established mechanisms toguarantee scaled-up SP support following disaster events.This note aims to improve understanding of Disaster RiskFinancing (DRF) approaches among SP practitioners andoutlines what LAC countries need to prioritize in order toensure that appropriate financing arrangements are in placeto support effective post-disaster SP response.
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