Angola disaster risk finance diagnostic 2024

The Angola DRF diagnostic aims to support the Government of Angola in better understanding the fiscal impact of disasters and crises and in planning and implementing options to strengthen financial resilience for government, rural households, and micro, small, and medium enterprises. The report was prepared by the Finance Competitiveness and Innovation Global Practice as part of a broader engagement between World Bank and the Government of Angola on the Country Climate and Development Report to develop a climate-informed investment and reform program to achieve Angola's development goals in the context of climate change.

Recommendations provided by the publication include:

• Update the relevant strategic and legal instruments for disaster response. The update of the latest National Calamity and Disaster Preparedness, Contingency, Response and Recovery Plan, and Strategic Plan for Prevention and Disaster Risk Reduction, which were designed for the 2015–17 period, could be concluded as to reflect recent developments and priorities in DRF and DRM and in development objectives more broadly;
• Assess climate-related contingent liabilities and include them in the fiscal risk assessment under the ongoing public financial management reforms;
• Develop a national database on the occurrence and impact of natural disasters;
• Strengthen the institutional capacity and shock responsiveness of the social protection system.