IDB launches regional program for disaster resilience

The Inter-American Development Bank (IDB) has launched “Ready and Resilient Americas”, a regional program to make Latin America and the Caribbean (LAC) more resilient to the disasters that harm its economies and quality of life. Thirty-seven IDB member countries have already signed a declaration of commitment to this program.

Ready and Resilient Americas aims to build stronger regional collaboration to boost resilience, improve readiness, ensure swift and effective responses, and bolster financial protection against disasters. IDB will allocate 10 million dollars in non-reimbursable financing to the program between 2025 and 2030. The program is also supported by 16 strategic partners from the private sector, non-governmental organizations, and international organizations.

The program is based on three pillars: i) equip countries with advanced tools to better assess risks and their associated costs; ii) form a collaborative network among countries, subregional networks, international organizations, and the private sector; iii) promote innovative financial instruments to strengthen countries’ resilience and economic capacity to cope with disasters.