Savings and Climate Resilience
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, response, and adaptation to climate change.