Ready and Resilient Americas is a regional impact program designed to enhance and boost resilience to disasters in Latin America and the Caribbean. It uses a collaborative approach that emphasizes governance for prevention and risk reduction, disaster preparedness, and swift responses. Between 2025 and 2030, the IDB plans to provide $10 million in non-reimbursable financing for the program.
Three Program Pillars
Strengthen the ability to generate information on risk and improve regional knowledge-sharing on disaster-risk management to support resilience and emergency preparedness
Strengthen coordination mechanisms between countries, subregional networks, international organizations, and the private sector
Implement innovative financial strategies to enhance resilience and protect against disasters
Why a Regional Program?
Countries in the region share disaster-management challenges:
Disaster-risk data is important for guiding investments in resilience. The Ready and Resilient Americas program aims to create public resources to improve national capabilities in risk modeling and facilitate the exchange of technology and knowledge.
When a disaster occurs, timely coordination between local and international agencies and the private sector to mobilize resources is essential to save lives and reduce economic impacts on vulnerable populations. Centralized information about resources and improved coordination would enable a faster and more effective response.
Countries in the region face financial constraints related to disasters and have limited resources for investing in resilience and disaster recovery. A joint agenda provides the opportunity for regional options for innovative financial solutions to invest in resilience, transfer risks, and secure assets.
The IDB has decades of experience in proactively managing risk to keep disasters from happening – a key priority in the Institutional Strategy.
Over the last decade, the Bank has approved approximately $1.1 billion in disaster-risk-management programs. It has also provided disaster coverage to 14 countries through nearly $4 billion in contingent loans. Additionally, six countries have resiliency clauses in their IDB loan agreements, allowing them to delay repayment if a disaster occurs.
The region has subregional forums for coordinating disaster response (CEPREDENAC, CDEMA, CAPRADE, RMAGIR and the South American Working Group for Integrated Disaster Risk Management). This program will leverage the IDB's convening power to bring them together.
The private sector plays a fundamental role in risk management.
It can contribute to the program by:
- Driving technological innovation that bolsters disaster readiness, response, and recovery capabilities.
- Participating in strategic alliances with the public sector and international organizations to pre-position goods and services for disaster response.
- Co-designing financial solutions to reduce costs and transfer risks to capital and insurance markets, boosting countries' financial protection against disasters.
When did the program start?
Ready and Resilient Americas was launched on March 29, 2025, at the IDB and IDB Invest Annual Meetings in Santiago, Chile. The program will run from 2025 to 2030.
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