As a climate-vulnerable developing country, managing climate and disaster risks as well as mobilizing risk finance is a critical need for Sri Lanka. Collaborations, partnerships, coordination, and exchange between different actors and stakeholder groups can enhance opportunities related to accessing climate and disaster risk finance, strengthening existing mechanisms, harnessing synergies, and increasing mid- and long-term economic resilience.

The new phase of our project on multi-actor partnership for climate and disaster risk financing and preparedness in the context of the InsuResilience Global Partnership will focus on CDRFI solutions in the tourism, fashion and garment, and small and medium enterprises sectors, as well as on cross-cutting considerations such as youth and gender. The activities will focus on expanding the existing multi-actor partnership to key stakeholders in these sectors; identifying and addressing the needs for scaling-up climate and disaster risk management at local and national level; and building capacities and technical expertise through collective engagement.

This initiative is part of a project implemented by SLYCAN Trust and partners with support from the German Federal Ministry for Economic Cooperation and Development (BMZ).

• Introducing and expanding the existing multi-actor partnerships on climate risk management and finance to further key stakeholders from the public sector, the finance and insurance industry, the private sector, (M)SMEs, entrepreneurs, and others.
• Identifying and addressing the needs for scaled-up climate and disaster risk management and finance at the local and national level by facilitating a dialogue on climate risk management and risk transfer.
• Brainstorming and envisioning priorities for different sectors and for the expansion of the multi-actor partnership in a multi-stakeholder driven approach.
• Building capacities and technical expertise through collective engagement for  stakeholders and exchange of information.