Fiscal Hydraulics Monitor

Updated 1 June 2026

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Financing Fast and Slow

Climate finance is slower-moving — it funds adaptation and resilience over time. Crisis finance is automatic — pre-agreed triggers that disburse in days without requiring new political decisions.

This monitor maps both layers and the integration between them.

Countries by instrument

CCRIF

—

ARC

—

PCRIC

—

Cat Bond

—

Cat DDO

—

SEADRIF

—

Bars scaled relative to largest count.

Legend

CCRIF participant country

ARC — current coverage identified

PCRIC — current coverage identified

Catastrophe bond in force

World Bank Cat DDO

SEADRIF active policy

+ Cat DDO depth (outlined border)

No instrument identified

For countries with multiple crisis-finance instruments, the map shows a single primary colour based on the legend order. Tooltips show the complete instrument list.

Acronyms

CCRIF — Caribbean Catastrophe Risk Insurance Facility

ARC — African Risk Capacity

PCRIC — Pacific Catastrophe Risk Insurance Company

Cat DDO — Catastrophe Deferred Drawdown Option

SEADRIF — Southeast Asia Disaster Risk Insurance Facility

Notes

Shows publicly verifiable current access to six pre-arranged crisis finance instruments: CCRIF, ARC, PCRIC, catastrophe bonds, Cat DDOs, and SEADRIF.

Membership alone is not treated as coverage: ARC is shown where current policy-year evidence or a consistent pattern of multi-season participation is identified. PCRIC is shown only where current confirmed enrolment evidence is identified. Current-season status for ARC is not publicly confirmed annually.

Instruments differ in speed. Parametric cover disburses on trigger. Cat DDOs require a disaster declaration and government request before drawdown.

Countries by facility

GCF

—

GEF

—

Bars scaled relative to largest count.

Legend

GCF active or approved support

Adaptation Fund active or approved

GEF active or approved support

GCF + Adaptation Fund

GCF + GEF

Adaptation Fund + GEF

All three facilities

No facility identified

Acronyms

GCF — Green Climate Fund

AF — Adaptation Fund

GEF — Global Environment Facility

Notes

Shows selected major multilateral climate funds with the clearest public country-level project data.

Not exhaustive of all climate finance channels. Does not track real-time disbursement or project implementation currency.

Some country classifications remain under review where public records are fragmented, regional, or proposal-stage.

The Fast and Slow Finance Gap

Countries receiving climate finance but without a pre-arranged crisis instrument lack a fast disbursing mechanism when a shock hits. Countries with a crisis instrument but no climate finance lack external support committed to long-term adaptation that reduces exposure over time.

In Fiscal Hydraulics terms, pre-arranged crisis instruments are designed to improve Transit — but trigger and disbursement do not by themselves guarantee that funding flows quickly, fully, or as intended.

Legend

Climate finance + crisis instrument

Climate finance — no crisis instrument

Crisis instrument — no climate finance

Neither identified

Notes

The gap view is binary at map level. Tooltips distinguish fast, contingent, and slow channels and show the review date for each country.

Presence of finance does not imply equal disbursement capacity. Instruments differ in speed and conditions of access.