Acronyms 2

Foreword 5

Vision, Goals and Targets 6

Our Action in 2025 8

Pre-arranged financing 9

WFP-supported Disaster Risk Financing Programmes 11

Interviews 19

Our Reach and Scale in 2025 22

Asia and the Pacific 24

Bangladesh 25

Cambodia 29

Lao PDR 32

Kirgyz Republic 35

The Pacific MCO (Fiji, Solomon Islands, Samoa, Tonga, Vanuatu) 38

The Philippines 41

Stories from the Field 44

East Africa 46

Ethiopia 47

Kenya 50

Rwanda 53

Somalia 56

Sudan 59

Uganda 61

Stories from the Field 64

Middle East and Eastern Europe 66

Iraq 67

Syrian Arab Republic 69

Stories from the Field 72

West Africa 74

Burkina Faso 75

Cameroon 80

Chad 82

Côte d’Ivoire 84

Mali 87

Mauritania 90

Niger 93

Senegal 96

The Gambia 98

Stories from the Field 102

Southern Africa 104

Democratic Republic of the Congo 105

Lesotho 108

Madagascar 110

Malawi 114

Mozambique 117

Zambia 122

Zimbabwe 126

Stories from the Field 132

Latin America and the Caribbean 134

Bolivia 135

The Caribbean (Belize, Dominica, St Lucia, Grenada, Jaimaica, St Vincent & Grenadines) 137

Cuba 143

Guatemala 146

Haiti 149

Honduras 153

Peru 157

Stories from the Field 160

Monitoring, Evaluation and Learning 163

Disaster Risk Financing as a vehicle for women’s empowerment 168

Macro-level Risk Financing and Adaptive Social Protection 171

Advancing Inclusive Finance at WFP: From crisis to resilience 174

Looking Ahead 178