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Disaster Risk Financing in the Pacific: A Landscape Study of Systems, Instruments, and Enabling Conditions
While significant progress has been made in introducing sovereign risk transfer instruments, further efforts are required to strengthen the strategic use of pre-arranged financing and risk layering approaches. This includes enhancing public financial management systems to ensure rapid, transparent, and effective disbursement of funds to end beneficiaries, underpinned by improved risk data and analytics. At the same time, expanding financial protection, strengthening institutional coordination, and fostering sustainable insurance markets remain critical to reducing contingent liabilities and enhancing financial resilience in the context of increasing climate risks.
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