Increasing capacity to better manage risks
UNDP Insurance and Risk Finance Facility’s LDC Engagement Initiative is focused on helping Least Developed Countries increase their technical capacity to manage risk in the face of increasing climate challenges and limited financial resources. Under the Engagement Initiative, UNDP is working with Senegal’s government to develop institutional capacity and increase available data on risk and its impacts.
UNDP is also supporting the development of a disaster risk finance strategy and the integration of risk finance into public financial management, and assisting in building an enabling regulatory environment for insurance development.