Innovative finance reshaping cyclone resilience and child-responsive disaster management in Madagascar

This case study shows how UNICEF, the Government of Madagascar and civil society are working together to pilot a ground-breaking, innovative finance solution that includes a child-responsive, parametric risk transfer product for tropical cyclones. The Today & Tomorrow approach aims to reduce child exposure and vulnerability to future shocks and hazards, engage children and young people in solutions and strengthen the essential social systems and services they rely on most.

UNICEF projects that Today & Tomorrow will protect 13.5 million children and families from current and future damage wrought by climate change. It plans to do so through the Humanitarian-Development-Peace Nexus (HDPN), a holistic approach to delivering better results for children by meeting short-term humanitarian goals, incorporating longer-term development actions to build resilience and minimizing conflict exacerbated by climate impacts. 1 billion # of children and young people at extremely high risk from climate impacts Madagascar's overall response to cyclones typically involves allocating funds to specific sectors for an average duration of six months. The Today and Tomorrow approach introduces a more flexible funding model to address multi-hazard risks.