Category Archives: The SEEP Network

CONSULTATION REPORT ON MAINSTREAMING DRR IN FINANCIAL INSTITUTIONS AND MECHANISMS AT NEW DELHI, INDIA: 28th JUNE, 2016

CONSULTATION REPORT ON MAINSTREAMING DRR IN FINANCIAL INSTITUTIONS AND MECHANISMS AT NEW DELHI : 28th JUNE, 2016

Disaster preparedness and response is exceptionally important in the context of financial inclusion. Countries with higher concentrations of poverty, weak infrastructure, and poor public services are more at risk. Experience has shown that financial institutions serving at-risk populations are as vulnerable as their clients to these disasters and crises. While the initial humanitarian and emergency response to crisis is crucial, there is a growing recognition of the value of disaster risk reduction (DRR) strategies in preparing for and thus reducing economic losses associated with disasters.

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As part of this, SEEP Network, in collaboration with Sphere India, organized a Consultation on Mainstreaming DRR in Financial Institutions and Mechanisms at India Habitat Centre, New Delhi on June 28th, 2016.  This meeting, made possible with the support of the Citi Foundation, is intended to bring together the various Government and Non-Government actors engaged in the area of DRR, micro finance and other financial mechanisms to better understand the challenges faced by the microfinance providers and their low income clients, as well as opportunities for collaboration across the range of market actors to increase the resiliency in times of crisis.

Objectives:

There were two primary objectives of the consultation. The first was to bring together diverse stakeholders with vested interest in initiating a process for mainstreaming DRR into financial institutions and mechanisms. The second objective was to gain input on the proposed methodology for a risk mapping and diagnostic analysis in India to ensure the results are meaningful and relevant to a wide range of actors in the market.

Opening Remark:

The Opening Remark to the consultation was given by Mr. Vikrant Mahajan, CEO, Sphere India and Ms. Deena Burjorjee, SEEP Network, welcoming the key panelists and participants. The participants included representatives from Government of India, National NGOs, INGOs and UN agencies working in India. Featured panelists included Prof. Anil Gupta from NIDM (Government), Mr. G. Padmanabhan from UNDP (United Nations Development Programme), Mr. Palash Shrivastav from IDFC (Private Sector) and Mr. Suvi Aruliah from World Vision India (Micro Finance). The program was also attended by Mr. Sanjay Kumar Singh from NDMA.

For more information, please click the below link:

Report on DRR Consultation_Financial Institutions and Mechanisms 28th June 2016_v3

CONCEPT NOTE: REVISING THE MINIMUM ECONOMIC RECOVERY STANDARDS (MERS)

CONCEPT NOTE 

REVISING THE MINIMUM ECONOMIC RECOVERY STANDARDS (MERS)

The Minimum Economic Recovery Standards (MERS): The Minimum Economic Recovery Standards (MERS) are an industry consensus on economic recovery for the humanitarian sector. First published in 2009, the MERS emerged out of a broad consultative process that convened non-governmental organizations, humanitarian agencies, donors, and international organizations to identify best practices in livelihoods and long-term economic recovery programming in post-crisis situations. The Second Edition of the MERS was published in 2010 after the original authors joined new contributors at a workshop hosted by the SEEP Network in Washington, DC. Ovoer 60 rganizations participated in a collaborative writing process, bringing together the cumulative experience of SEEP members and other key industry stakeholders, and incorporating lessons from the response to the Indian Ocean Tsunami, Haiti earthquake, and protracted conflicts in Afghanistan and the Horn of Africa, among others.

Today, the MERS are recognized as a companion standard to SPHERE. Together with other companion standards, the MERS belong to a global movement for increased quality and accountability in humanitarian response. They aim to assist people affected by crisis in getting back on their feet while fostering self-reliance. The standards offer a set of simple and easy-tounderstand guidelines organized in six categories: Core Standards for Economic Recovery, Standards for Assessment and Analysis, Standards for Productive Assets, Financial Services, Employment, and Enterprise Development.

Justification: Why a MERS Revision?

The industry has rapidly advanced since the Second Edition of the MERS Handbook was published. With the rise of cash transfer programming, advances in ICT and mobile banking, new tools for market analysis and monitoring, and a deeper understanding of pathways to support the resilience of communities, there is a clear need for a newly revised, Third Edition of the MERS Handbook. Since the Second Edition of the MERS Handbook was published in 2010, our industry has advanced rapidly. As a result, the MERS Steering Committee made up of SEEP Member organizations such as Catholic Relief Services, Mercy Corps, Save the Children, Care, World Vision, Relief International, Interaction and non-SEEP member organizations such as International Federation of the Red Cross (IFRC), the United Nations High Commission of Refugees (UNHCR), and Sphere, decided it is now the right time for a revision of the MERS Handbook. In late 2015 the SEEP Network was awarded a grant from the Office of Foreign Disaster Assistance (OFDA) of the United States Agency for International Development (USAID) to revise the Minimum Economic Recovery Standards (MERS). The overall goal of the project is to mainstream early economic recovery programming into humanitarian responses by building consensus on good practice. The main activity and output of the project is to revise the MERS through a broad consultative process and publish the Third Edition MERS handbook.

For more information, please visit the below link:

MERS

HALF DAY CONSULTATION ON MAINSTREAMING DRR IN FINANCIAL INSTITUTIONS AND MECHANISMS

THE SEEP NETWORK

The SEEP Network is a global network of international practitioner organizations dedicated to combating poverty through promoting inclusive markets and financial systems. SEEP network promotes the Minimum Economic Recovery Standards (MERS) which are an industry consensus on economic recovery for the humanitarian sector and a Sphere Companion Standard. SEEP is partnering with Sphere India to mainstream DRR in financial institutions and mechanisms. As part of this, Sphere India and the SEEP Network will like to invite you to “Half a Day Discussion on DRR and resiliency promotion through the low income financial services market to be held in New Delhi on June 28, 2016.

HALF DAY CONSULTATION ON MAINSTREAMING DRR IN FINANCIAL INSTITUTIONS AND MECHANISMS
28th June, 2016, New Delhi

Background: Disaster preparedness and response is exceptionally important in the context of financial inclusion. Countries with higher concentrations of poverty, weak infrastructure, and poor public services are more at risk. Experience has shown that financial institutions serving at-risk populations are as vulnerable as their clients to these disasters and crises. While the initial humanitarian and emergency response to crisis is crucial, there is a growing recognition of the value of disaster risk reduction (DRR) strategies in preparing for and thus reducing economic losses associated with disasters.

Objective: This meeting is intended to bring together the various Government and Non-Government actors engaged in the area of DRR, micro finance and other financial mechanisms to better understand the challenges faced by the microfinance providers and their poor and low income clients, as well as opportunities for collaboration across the range of market actors to increase the resiliency in times of crisis. One of the key objectives of this discussion is to present the methodology that is being developed for a risk mapping exercise to be undertaken in India and to gain input into the key objectives and outputs of this diagnostic to ensure the results are meaningful and relevant to a wide range of actors in the market.

SEEP DRR Event