In light of the increasing impacts of climate change, CMF is supporting LAC countries in the design and implementation of comprehensive financing strategies that build financial resilience through risk retention and risk transfer instruments. Through the leading role of the Division, the IDB has become one of the top multilateral development institutions providing financial coverage in the region. By the end of 2020, the Bank will be providing active coverage through IDB contingent loans for 15+ countries, covering earthquakes, hurricanes, floods, wildfires, droughts, and pandemics.