A. M. The Inter-American Development Bank (IDB) presented Prepared and Resilient in the Americas, a regional program aimed at improving preparedness and response to natural disasters in Latin America and the Caribbean. The initiative seeks to reinforce regional collaboration and strengthen financial protection to mitigate the economic and social impacts of these events.
The IDB will allocate $10 million in non-reimbursable financing between 2025 and 2030 for this program, in addition to the technical and financial support it already provides to countries. During its launch at the 2025 Annual Meetings, IDB President Ilan Goldfajn highlighted the importance of this joint effort, supported by 37 countries and 16 strategic partners from the private sector and international organizations.
The program is structured around three key pillars: improving risk assessment and early warning systems, establishing a collaborative network among countries and sectors to streamline emergency response, and developing innovative financial instruments such as resilience bonds and catastrophic insurance to strengthen countries’ economic capacity to cope with disasters.
Latin America and the Caribbean is the second most disaster-prone region in the world, with 74 major events in 2024 affecting seven million people and causing $10 billion in losses.
With this initiative, the IDB reinforces its commitment to comprehensive disaster risk management, promoting the use of technology, international cooperation, and access to financing so that the countries of the region can face these events more effectively and resiliently.
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