This study explores how public finance can be better used to stimulate private sector engagement in building disaster resilience and preparedness for the risks posed by natural catastrophes and climate change. Through four detailed country case studies (focusing on Bangladesh, Kenya, Mozambique and Pakistan), coupled with global research including public and private consultation, this report details what the private sector needs in order to overcome constraints to its engagement and investment in building resilience.
As part of this research, the effectiveness of existing resilience focused publicfinance programmes that aim to stimulate private sector action has been reviewed. This report also draws out lessons learned on engaging business from wider private sector development focused initiatives. Finally, it assesses the gaps in existing efforts and proposes a framework of action through which public finance can be used to scale up private sector engagement and investment. The recommendations cover how existing initiatives might be adjusted to improve their effectiveness, and whether a new mechanism is required to stimulate enhanced private sector action.
PricewaterhouseCoopers. Stimulating private sector engagement and investment in building disaster resilience and climatechange adaptation. Recommendations for public finance support. Executive Summary. PricewaterhouseCoopers, London, UK (2013) 31 pp.