United Nations launches platform to secure 3 billion dollars for Disaster Risk Financing

The United Nations launched the UN Disaster Risk Financing (DRF) Platform at the 31st United Nations Climate Change Conference in Antalya, Türkiye.

The initiative brings together six UN agencies to secure more than US$3 billion in risk financing by 2030. This funding aims to protect 75 million people and their livelihoods from natural hazards and climate shocks.

The platform coordinates the efforts of the Food and Agriculture Organization of the United Nations (FAO), the International Organization for Migration (IOM), the Office for the Coordination of Humanitarian Affairs (OCHA), the United Nations Children's Fund (UNICEF), the United Nations Refugee Agency (UNHCR), and the United Nations World Food Programme (WFP). These agencies will share data, expertise, and predictive analysis to turn early warnings into anticipatory actions.

By collaborating with the insurance industry and financial markets, the group intends to reduce costs and make disaster response funds more predictable. The initiative addresses a current gap where pre-arranged financing accounts for less than two percent of global humanitarian funding. Some agencies have already produced results; OCHA and UNICEF established insurance policies for anticipatory action programs with support from WFP specialist teams.

IOM will contribute its analysis of displacement risks to the platform to help protect communities before they are forced to move.