Protecting people against the rising frequency and intensity of weather-related shocks – a major driver of global hunger – is a key priority for WFP. Since most of these shocks can be forecasted and modelled, pre-arranged finance is a crucial solution to make crisis response financing more cost-effective and predictable, while ensuring better long-term results. Therefore, the World Food Programme (WFP) works to provide governments and communities with access to disaster risk financing (DRF) solutions, so that vulnerable people can access pre-arranged finance – financial mechanisms secured prior to a crisis, using financial instruments such as trigger-based contingency funds and parametric insurance. This factsheet highlights how WFP used DRF solutions to provide financial protection from weather-related shocks to vulnerable communities across 37 countries in 2024. Further, it provides a brief overview of how these instruments enabled WFP to assist those in areas affected by droughts, floods and tropical cyclones, keeping them from having to resort to negative coping mechanisms.
