The state of pre-arranged financing for disasters 2024

The State of Pre-arranged Financing for Disasters 2024 is a unique source of data and analysis on the level of effort of international development donors to support a shift towards arranging financing for disasters, before shocks happen. In its second year, the Centre's annual analysis of trends and patterns in international development financing for pre-arranged financing for disasters also presents the latest available data on coverage and payouts provided by these instruments.

Key commentary from the report include:

• The Pre-arranged Financing (PAF) instrument toolkit has seen continued improvement, including the addition of new climate resilient debt clauses, which have begun to enter the product offerings of multilateral development banks.
• The attractiveness and affordability of PAF remains a barrier to uptake and to achieving coverage and protection at scale in the most vulnerable places.
• Calls for reform of the international financial architecture have created an historic opportunity to shift the default in favour of pre-arranged financing. And yet, progress falls short of the transformation needed to shock proof economies and to reform the international financial architecture to be more crisis-responsive.