The Foreign, Commonwealth and Development Office (FCDO), which leads the UK’s diplomatic, development and consular work globally, has committed an additional £3 million to the Technical Assistance Facility (NDF TA Facility), operated by the Natural Disaster Fund (NDF), a blended risk transfer vehicle designed to mitigate climate-related challenges and build resilience for low-and-middle-income countries.
The NDF has been successfully sponsored by the government since 2018. From 2020, the NDF has shared risks with private sector reinsurer Hannover Re. Now, though, MS Amlin has joined the NDF as an additional private sector risk capacity provider.
This additional funding will allow the NDF to support the development of another round of 10-15 high-impact risk transfer projects seeking to help climate-vulnerable communities and businesses until 2030.
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