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Disaster risk financing: Annual Report

https://docs.wfp.org/api/documents/WFP-0000166052/download/
The 2024 Disaster Risk Financing (DRF) Annual Report highlights key insights and achievements from WFP supported DRF programmes. It provides deep dives into the DRF programmes in each country, as well as stories from the field, interviews with partners, and insights into how WFP promotes the use of pre-arranged financing to help vulnerable populations prepare for, respond to and recover from weather-related disasters.

2024 marked the warmest year in the 175-year observational record, causing unprecedented weather-related disasters which threatened the lives and livelihoods of vulnerable people. As people around the world continued to grapple with extreme heatwaves, devastating floods, unprecedented storms and persistent droughts, WFP continued to scale up its Disaster Risk Financing programmes recognising the need to financially protect communities from the losses and damages caused by weather-related events and to prevent them from being pushed into hunger and food insecurity, aiming to close the crisis protection gap.

Since 2008, WFP has prioritised advancing financial protection for food insecure communities and strengthening governments’ disaster risk financing and response strategies as a means of building resilience to extreme weather events. In 2024, expanded its Disaster Risk Financing portfolio to protect six million people across 37 countries, with more  than US$361 million in financial protection. In regions affected by drought, loods and tropical cyclones, US$49 million in payouts enabled WFP to assist over two million people – US$33 million higher than 2023.