Building financial resilience against natural hazards in Panama

This paper is part of a series highlighting the World Bank's achievements in disaster risk management initiatives. It presents the comprehensive program targeting disaster risk management (DRM) and resilience established in in the Eastern Caribbean region for these islands to enhance their capacity to mitigate the effects of natural disaster and climate risk. It describes: (i) its context; (ii) the World Bank approach; (iii) the results and achievements; (iv) the lessons learned; and (iv) the next steps, including an extensive analysis of the region's infrastructural assets, disaster risk understanding and technical capacity, as well as the conduction of related trainings.