Disaster Risk Financing

The UK Department for International Development, the World Bank, and the Global Facility for Disaster Reduction and Recovery are partnering to improve the evidence base as to which sovereign Disaster Risk Financing and Insurance (DRFI) strategies are the most cost-effective.

The sovereign DRFI Impact Appraisal project began in 2013 and will develop a framework for quantitative ex ante appraisal to assess the likely effectiveness, efficiency, and impact of current and potential sovereign DRFI strategies. The project aims to develop an Impact Appraisal tool that:
 

  • Takes into account the probabilistic nature of the impact of sovereign DRFI strategies;
  • Quantifies trade-offs between the many dimensions of sovereign DRFI strategies;
  • Generates results that are sufficiently robust to both model and parameter uncertainty to guide evidence-based decision making;
  • Complements more qualitative measures of impact;
  • Results in headline figures on the impact of sovereign DRFI strategies on development and poverty;
  • The second phase of the project will carry out an extensive research agenda to address identified gaps in the generic evidence base, and will also complete five country case studies in Bangladesh, Ethiopia, Jamaica, Niger and the Philippines.

When sovereign DRFI is limited or absent, post-disaster public expenditure response is limited to increased borrowing or increased taxation, or most likely, budget reallocation. Other, budgeted lines of public spending are reduced to release resources for the unbudgeted post-disaster categories that need to be increased. As part of the second phase of the Impact Appraisal project, this assignment aims to understand the extent to which budget reallocation is used for post-disaster financing and to provide some indication of the opportunity cost of this reallocation.

Qualifications: 

Tasks:

  • Compile data on the post disaster fiscal experiences in consultation with countries.
  • Develop a methodology to establish the opportunity cost of post-disaster budget reallocation, and to establish the return on DRFI investments. This methodology should be robust and suitable for sensitivity analysis.
  • Produce 2-3 case studies based on the data collected. It is expected that some evidence will be anecdotal. This work forms part of a growing area of research within the international community and as such the results of this work will be publicized internationally. There is a possibility for future work in this area as the need arises and additional funds become available.

 

Start / Duration: 

open

If you are interested to cooperate with AFC in this upcoming tender, please send you most recent CV to:

Barbara.Braun [at] afci.de

Thank you!

 

Please note that only shortlisted candidates will be contacted