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Strengthening the Enabling Environment for Disaster Risk Financing (Phase 1) (ADB-48259-001)

Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 2, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Disclosed by Bank Mar 31, 2017

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Project Description
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DESCRIPTION The TA will develop (i) a diagnostics methodology to assess the current DRF landscape and enabling environment in ADB's DMCs, and (ii) a toolkit of actions to strengthen the enabling environment for DRF, supporting the establishment of comprehensive DRF strategies linked to solvent risk transfer markets. PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY It is consistent with ADB's Operational Plan for Integrated Disaster Risk Management, 2014_2010, which supports inclusive and environmentally sustainable growth in part by supporting _the development of DRF instruments and wider DRF strategies for households, businesses, and governments, enhancing the public and private financial management of residual disaster risk._ The TA is also consistent with the Regional Cooperation and Integration (RCI) Strategy adopted by ADB in 2006, which clearly states that _there is growing awareness that natural disasters require collective and coordinated responses at the regional level_ that include regional public goods and regional financial mechanisms. In addition, the proposed TA is consistent with the draft Pakistan Country Partnership Strategy (CPS) 2015_2019, currently being discussed with the Government of Pakistan, where it is noted (Para 29) that ADB will explore DRF options to better smooth the financial implications of natural hazard-related disasters. The proposed TA is also consistent with the Sri Lanka CPS 2012_2016, which highlights the need to develop Sri Lanka's financial sector in order to offer a wider range of financial products and services by catalyzing private investment and enhancing the effectiveness of public investment (Para 30). IMPACT Fiscal resilience of ADB's developing member countries (DMCs) to disaster risk is strengthened (Operational Plan for Integrated Disaster Risk Management, 2014_2020a). CONSULTING SERVICES With the change in scope approved in July 2016, the consulting services requirement increased to 33 person-months of individual international consultant services and 48 person-months of individual national consultant services, comprising (I) 10.5 person-months for two lead disaster risk financing specialist; (ii) 7.5 person-months for two disaster risk insurance specialists; (iii) 7.5 person-months for two agricultural insurance specialists; (iv) 7.5 person-months for two insurance and capital markets regulatory specialists; (v) 15 person-months for four national insurance industry specialists, and (vii) 18 person-months for one national project coordinator.
Investment Description
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Contact Information
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ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at:

How it works

How it works