Building Climate Resilience in Latin America and the Caribbean: Physical Climate and Natural Disaster Risk Assessment of IDB Invest Projects
IDB Invest has published an infographic with a summary of its physical climate and natural disaster risk assessments (PCRA) methodology and examples on how it supports clients to build climate resilience.
The PCRA risk assessment process comprises: i) screening of the project’s exposure and vulnerability to natural hazards, based on geolocation and sector; ii) project-specific analysis of material risks and identification of outstanding vulnerabilities; iii) building resilience: facilitation of physical risk management by strengthening adaptive capacity.
IDB Invest supports its clients in building sustainability and resilience through Environmental and Social Action Plan (ESAPs) as well as financial and non-financial product offerings. IDB Invest processes, including the PCRA, aim to prevent maladaptation.