The Global Infrastructure Risk Model and Resilience Index (GIRI) platform provides detailed risk information on the potential impacts of geological and hydro-meteorological (including climate forcing) hazards on critical and social infrastructure sectors. It is a global advocacy tool for promoting investments for infrastructure resilience. This information can be used by country governments to allocate resources for contingency planning, improving infrastructure codes or standards, and prioritizing long-term infrastructure investments with a focus on climate adaptation and resilience.

Further, using sector and sub-sector loss information from various hazard scenarios, country governments can arrive at the amount of contingency funds that will be required to manage the financial impacts of natural hazards, thereby leading to sustainable and resilient economic development.

Using GIRI data, governments in partnership with the private sector can also develop innovative financial instruments such as catastrophe bonds and insurance schemes. While catastrophe bonds can help in ensuring liquidity and reducing the financial strain on government budgets in the aftermath of disasters, risk-based insurance schemes can incentivize investments in resilient infrastructure Click to Read