Latin America and the Caribbean (LAC) has faced several disasters over the last 10 years. Around 83% of disasters in the region are climate-related. These include devastating hurricanes in the Caribbean, prolonged droughts in the Southern Cone (i.e., Argentina, Chile, Uruguay and Paraguay) and flash floods in Central America. Worsened by the impact of climate change, these events have exposed the region’s vulnerability: expected annual disaster-related losses are estimated at USD 58 billion. This highlights...