Extreme climate and weather-related events have significant impacts on the economic and social development of Latin America and the Caribbean. The effective management of such risks is a key challenge and requires a rethink of how to build climate resilience at different levels. Layering risks from micro to macro levels is essential to enabling integrated climate and disaster risk financing solutions, so that people and governments can address the financial impact of unexpected losses at the scale needed given the growing climate crisis. Linking these with shock-responsive protection ensures that the most vulnerable receive support quickly when an event strikes.
