The Small Island States Resilience Initiative (SISRI) Sofia Bettencourt Lead Adaptation Specialist, GFDRR

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1 The Small Island States Resilience Initiative (SISRI) Sofia Bettencourt Lead Adaptation Specialist, GFDRR

2 The Small Island States Resilience Initiative (SISRI) Resilience at the center Current program and GFDRR s role Lessons learned Scaling it up Next steps

Losses average 1-9% of GDP per year This acts as a leaking bucket, pulling back economic growth and development

3 Resilience to Climate Change and Disasters is at the center of the development challenges faced by Small Island States Small Island States account for two thirds of the countries with highest relative annual disaster losses Losses average 1-9% of GDP per year This acts as a leaking bucket, pulling back economic growth and development Average Annual Disaster Losses (as % of GDP) 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% Small Island States Other Countries

4 Four Regional Programs Emerging National-level investments; regional and national-level TA CCRIFI Caribbean Program West Africa (starting) IOC Indian Ocean Program (starting) Pacific Islands Program SPC/SOPAC

5 GFDRR has Provided Critically Important Support to this Growing Program... Total Financing for Disaster and Climate Resilient Development in Small Island States Managed by the World Bank Group as a Trustee (Active and Programmed Portfolio) US$1.5 billion GFDRR Technical Assistance Grants are active in 18 of the 26 countries where the WBG is supporting climate and disaster resilience Source: World Bank Group Small Island States database $40.5 Million GFDRR Adaptation Fund PPCR Other TFs IDA IBRD In many cases, GFDRR funded the initial TA that informed long-term programs Financed by European Commission (ACP/EU), Government of Japan, MDTF, and Australia Main focus: 1. Mainstreaming 2. Risk Assessment 3. Risk Financing 4. Post Disaster Needs Assessments

Mainstreaming Resilience - the example of Belize GFDRR Grant helped Belize prioritize transport infrastructure vulnerable to disasters Government adopted a National Climate Resilience Investment Plan

6 Mainstreaming Resilience - the example of Belize GFDRR Grant helped Belize prioritize transport infrastructure vulnerable to disasters Government adopted a National Climate Resilience Investment Plan US$430 million targeted for retrofitting and upgrading to disaster/climate change standards This was followed by a US$30 million IBRD investment project, focusing on priority roads Belize has now nearly closed the financing gap The entire road network of Belize is expected to be made climate resilient

7 Risk Assessment - Measuring the Progress of Resilience The Pacific Catastrophe Risk Assessment and Financing Initiative (PICRAFI), for example, has mapped more than 2 million buildings in areas at risk

Risk Financing Current Expanding 16 members the Experience of CCRIF of CCRIFI to the Pacific and Indian Oceans The model of the Caribbean Catastrophe Insurance Facility (CCRIFI), is being replicated

8 Risk Financing Current Expanding 16 members the Experience of CCRIF of CCRIFI to the Pacific and Indian Oceans The model of the Caribbean Catastrophe Insurance Facility (CCRIFI), is being replicated in the Pacific and Indian Ocean Island Regions with the support of GFDRR, the EC, Government of Japan and Regional Organizations. By pooling the risk across multiple countries, premiums can be lowered Anguilla Antigua a nd Barbuda T he Bahamas Barbados Belize Bermuda C ayman Islands Dominica Grenada Haiti Jamaica S a int Kitts a n d Nevis S a int Lucia S a int Vincent a n d the Grenadines Tr inidad and Tobago Turks and Caicos 8

Current 16 Post members Disaster of CCRIF Needs Assessments Preparing for Resilient Reconstruction In recent years, GFDRR funded rapid post disaster assessments in St. Lucia, St.

9 Current 16 Post members Disaster of CCRIF Needs Assessments Preparing for Resilient Reconstruction In recent years, GFDRR funded rapid post disaster assessments in St. Lucia, St. Vincent and Grenadines, Tonga, Solomon Islands, Seychelles and Comoros These assessments have facilitated countries access to funding for more resilient reconstruction Much of it was funded through grants What have we learnt? 9

Considerable available funding, but fragmented and not easily accessible With few exceptions, no Small Island State has yet qualified for direct access to

Climate Fund Dedicated Global Climate funds and/or funding through UN-agencies/programs Bilateral Funding Funding through Regional Organizations There are 9

10 Considerable available funding, but fragmented and not easily accessible With few exceptions, no Small Island State has yet qualified for direct access to global climate funds Access is through an accredited Implementing Agency World Bank, ADB, UNDP, UNEP, FAO Funding through Multi-lateral Development Banks Green Climate Fund Dedicated Global Climate funds and/or funding through UN-agencies/programs Bilateral Funding Funding through Regional Organizations There are 9 different Implementing Agencies for the largest available fund, the Least Developed Countries Fund. The Solomon Islands managed 22 different CCA/DRM projects in 2012

Amount per Country not clearly linked to Vulnerability Funding per Capita for Climate and Disaster Resilience, (channeled through WBG as a Trustee) Some highly vulnerable

11 Amount per Country not clearly linked to Vulnerability Funding per Capita for Climate and Disaster Resilience, (channeled through WBG as a Trustee) Some highly vulnerable countries get relatively small allocations Funding influenced by: IDA envelopes UN s Least Developed Country status Maturity of national programs Recent disasters Donor traditional ties

12 There is a need to further combine funding and harmonize procedures to make financing more accessible and predictable Climate and Disaster Financing Roadmap: FRAGMENTED LANDSCAPE (Current Situation) NATIONAL PROGRAM APPROACH (Sources of funds are increasingly complementary) HARMONIZED PROCEDURES (Several Sources of funds following same procedures) DIRECT ACCESS (Funding combined, strengthened country procedures)

climate risks Allows for sharing of experiences across regions (Caribbean/Pacific/Indian Ocean/West Africa) Would

13 The Small Island States Resilience Initiative (SISRI) Aims to facilitate and scale up the existing programmatic assistance Specific to Small Island States Combine Technical Assistance with investment Focus on both disaster and climate risks Allows for sharing of experiences across regions (Caribbean/Pacific/Indian Ocean/West Africa) Would measure the progress of resilience within countries Strengthen countries fiduciary and technical capacity to prepare them for direct access

Next Steps for SISRI A dedicated thematic initiative specializing on Small Island States Specialized Knowledge Products, such as: Atoll Islands Resilience Study SimpleCoast: On-line manual of simple

14 Next Steps for SISRI A dedicated thematic initiative specializing on Small Island States Specialized Knowledge Products, such as: Atoll Islands Resilience Study SimpleCoast: On-line manual of simple coastal resilience options Measuring Resilience in Small Island States Best Practices in Climate and Disaster Risk Financing Population Retreat from High Risk Areas Project Management Best Practices Facilitate access to financing map out existing sources, aggregate funding, and identify gaps Work with the WBG and other partners towards long-term, programmatic engagement

15 Questions? The Small Island States Resilience Initiative (SISRI) For further information, please contact: Sofia Bettencourt, Francis Ghesquiere,

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