ADB urges Pacific to blend disaster funds and pre-plan cash relief
A senior Asian Development Bank official says Pacific governments should draw on several funding sources when preparing for disasters. These include domestic reserves, contingent credit and insurance, along with advance plans for delivering cash. The official also calls for better alignment among aid systems to improve response.
A senior ADB official is advising Pacific governments to prepare for disasters by combining multiple financing tools rather than relying on one. The suggested mix includes money set aside domestically, credit that can be drawn when needed, and insurance.
The official also emphasizes planning ahead for how cash relief would reach people. In addition, the official says aid systems should work together more effectively to strengthen response.
If Pacific governments adopt this approach, communities exposed to disasters may benefit from faster, more predictable cash support. Households, local responders, and aid organizations could see clearer coordination, though results would depend on implementation. The emphasis on pre-planning may shape how governments and partners allocate resources before events occur.