Capacity Building for Disaster Risk Finance

The expected impact of the TA is improved government preparedness for disaster relief and rehabilitation, and outcome is the government is better positioned and equipped to plan disaster relief and rehabilitation. The TA outputs include (i) catastrophe risk profiling of Bangladesh carried out, (ii) funding gaps for disaster response estimated, (iii) detailed design of the risk finance solutions developed, and (iv) knowledge-sharing workshops on disaster risk finance conducted.

Under the supervision of the team leader, the specialist will:

1. Assess current public resource management practices in disaster risk management based on a review of relevant policy documents, legislation, and strategies, especially with respect to their effectiveness and applicability in view of existing risk models and loss estimates.
2. Analyze the division of fiscal roles and responsibilities for disaster response and risk management among the central and local governments in Bangladesh.
3. In consultation with the relevant government agencies, estimate the contingent liability of the government for post-disaster assistance under different disaster scenarios as well as the expected annual loss based on historic loss data and projections given future risk patterns to develop a funding gap analysis.
4. In consultation with the central and local governments and private stakeholders, develop recommendations for the inclusion of contingent budgeting, reserve funds, and other potential disaster risk financing solutions within a medium-term disaster risk financing strategy to be adopted by the government. Recommendations shall include, but not be limited to, implementation modalities, rules, regulations, reporting, and monitoring.
5. Assist the team leader to assess the financial and fiscal implications for the proposed disaster risk finance solutions in a medium- to long-term fiscal framework of the government.
6. Based on the assessment above, develop implementation strategies for contingent budgeting and other disaster risk financing solutions to be adopted under the government’s budgetary processes.

The expert is expected to provide inputs to the disaster risk finance specialist/team readers for the inception, interim, draft final and final report incorporating above, workshop proceedings, meeting minutes, briefs and articles, as reasonably requested by the team leader.