Savings and Climate Resilience: A Review of Successes and Challenges in Current Programming
Climate change is the most urgent challenge of our time, and the impacts disproportionately affect people living in poverty.
Development programs are increasingly aiming to support populations already affected by the impacts of climate change through a variety of interventions that aim to strengthen climate resilience. Programs focused on inclusive finance are also designing interventions to reach development outcomes, and within those programs, there are considerable discussions on how savings can contribute to resilience more broadly.
This knowledge review provides insights from across the current literature and shares illustrative examples of programs and activities that are designed to increase climate resilience through the use of savings components. The review focuses particularly on successes and challenges in building up climate resilience, across three dimensions: disaster preparedness and response, and adaptation to climate change.