Why invest in resilience? A BRACC Policy Brief. OCTOBER 2020

Why invest in resilience? A BRACC Policy Brief

This policy brief focuses on Malawi and its resilience capacity to its long experienced extreme weather events. After describing their trends and predicting rising costs, it makes the case of Investing in resilience by underlying its three main advantages: avoided losses, development and co-benefits. Investing in resilience will allow Malawi to meet its development goals through sustaining and maintaining ecosystems for improved performance of key sectors, including agriculture, tourism, energy and wildlife. t will also have a positive contribution on building human resource capital for addressing 21st century challenges.

Recommendations

Find here the recommendations for resilience investment in Malawi

Operationalise the National Resilience Strategy, including by clarifying coordination with the National Climate Change Management Policy and National Disaster Management Policy
Operationalise and capitalise the Climate Change Management Fund and a budget line for proactive Disaster Risk Reduction activities, to be designed with recognition of the opportunities for the second and third dividends of resilience
Scale up disaster risk financing and social protection mechanisms to create the safety net necessary to encourage more active investment at individual and collective levels
Ensure that Vision 2063 integrates climate risk and exploits opportunities for the triple dividends of resilience
Ensure that the one million jobs created are green jobs that contribute to environmental restoration whilst providing decent income generating opportunities to Malawians.