Indonesia Disaster Risk Finance & Insurance

The development objective of Disaster Risk Finance and Insurance Project of Indonesia is to strengthen the financial and fiscal resilience of the Borrower to natural disasters and health-related shocks. This project has three components. 1) The first component, Establishing and operationalizing the Pooling Fund for Disasters (PFB), aims to support the establishment and operationalization of the pooling fund. 2) The second component, Improving Preparedness for More Effective Disaster Response Across Government Agencies, aims to support MOF to build the disbursement channels for resources from the PFB to flow efficiently, effectively, and transparently. 3) The third component, Strengthening PFB capacity and systems to effectively support risk finance and disaster response, aims to support Ministry of Finance (MoF) to achieve the Performance based condition (PBCs) and associated results under Component 1 and Component 2.