2024 marked the warmest year in the 175-year observational record, causing unprecedented weather-related disasters which threatened the lives and livelihoods of vulnerable people. As people around the world continued to grapple with extreme heatwaves, devastating floods, unprecedented storms and persistent droughts, ÐÓ°ÉÂÛ̳continued to scale up its Disaster Risk Financing programmes recognising the need to financially protect communities from the losses and damages caused by weather-related events and to prevent them from being pushed into hunger and food insecurity, aiming to close the crisis protection gap.
Since 2008, ÐÓ°ÉÂÛ̳has prioritised advancing financial protection for food insecure communities and strengthening governments¡¯ disaster risk financing and response strategies as a means of building resilience to extreme weather events. In 2024, expanded its Disaster Risk Financing portfolio to protect six million people across 37 countries, with more than US$361 million in financial protection. In regions affected by drought, loods and tropical cyclones, US$49 million in payouts enabled ÐÓ°ÉÂÛ̳to assist over two million people ¨C US$33 million higher than 2023.
