National Natural Disaster Risk Financing Policy (NNDRFP)

The National Natural Disaster Risk Financing (NNDRF) Policy is the Government of Jamaica’s strategic guide to disaster risk financing, aimed at minimising the impact of disasters on the national budget, the economy and the society; and ultimately enhancing the country’s fiscal and economic resilience to natural disasters.

About NNDRFP

The National Natural Disaster Risk Financing NNDRF Policy promotes a risk-layered approach to funding disaster relief, recovery and reconstruction through the establishment of adequate reserves to address the costs associated with high frequency, low severity events such as floods or heavy rainfall, and the transfer of risks related to low-frequency, high severity events such as major hurricanes and earthquakes through a portfolio of financing instruments.

History

NNDRFP Overview

The heightened frequency of extreme natural disasters in the 21st century has increasingly placed a strain on the public’s financing and the nation’s economy.

In response, The Government of Jamaica has developed a National Natural Disaster Risk Financing Policy which will provide financing to fund planning and measures that will help the country to properly prepare for as well as respond to and recover from natural disasters.

The Ministry has been tasked with developing a campaign that can simultaneously raise awareness around this Policy and help the general public understand what exactly it is and its benefits to the country as well as encourage behavioral change in the general public to support the Policy by embracing and adopting these plans and measures in their individual lives as well.

The NNDRFP Public Consultation

The crafting of a public education communication strategy will focus on communication with the general public and the key stakeholders. It is expected to provide guidance to Ministry officials and its stakeholders on how to communicate the efficacy of a Disaster Risk Financing (DRF) Policy as a Disaster Risk Reduction (DRR) tool. The implementation of an effective communication strategy is imperative, to inform key stakeholders and the general citizenry about how the Government plans to utilise DRF instruments to reduce fiscal risks arising from natural disasters.

Make Jamaica

ROCK SOLID READY

The NNDRFP Public consultancy sessions will take place in 4 parishes. All the events will be streamed live on MOFPS YouTube and Facebook as well as the website.