Charter on Finance for Managing Risk: Getting ahead of Disasters

The charter sets out principles for collaborative action to ensure better use of finance to manage risks and protect people in the most vulnerable countries from climate-related disasters.

Estimates suggest annual loss and damage costs associated with Climate Change will range from USD 290 to USD 580 billion by 2030. These losses are devastating in low-income settings, where an average of 189 million people per year have been affected by extreme weather-related events.

The Charter, signed by 39 countries and partner agencies, aims to facilitate pre-arranged finance and defined a set of key principles to act ahead of disasters, advance adaptation efforts, and improve delivery systems to mitigate risks and protect the most vulnerable.

Activity period	2023–2026
Last CoAct update	n/a
Web URL	https://gettingaheadofdisasters.org/
Output effectiveness	0.00
Accountability Index	0.17
Inclusiveness Index	0.48
Capacity Index	0.29
Num. actors	44
Functions	Institutional capacity building, Participatory management, Funding
SDGs
Themes	finance
Policy focus	Mainly adaptation
Sectors	Administrative and support service activities
Implementation countries	Austria, Denmark, Finland, France, Germany, India, Ireland, Italy, Kenya, Latvia, Netherlands (Kingdom of the), Norway, Saint Lucia, Samoa, Somalia, Sweden, United Arab Emirates (the), United Kingdom of Great Britain and Nothern Ireland (the), United States of America (the), Uruguay