Government financing for disaster reduction is limited because other urgent demands compete for budget allocation. Penetration of market-based risk transfer instruments are also extremely low in many countries. As a result, many development and recovery efforts are delayed or thwarted every time disaster strikes because of lack of or limited post-disaster funding. ADB helps its member countries overcome these hindrances by engaging them in activities and projects that strengthen financial resilience, incentivized risk reduction, and develop innovative disaster risk financing strategies and solutions.