📈 Sri Lanka Moves to Strengthen Climate & Disaster Risk Finance

SLYCAN Trust convened the "Lighthouse Event" in Colombo on May 21, 2026, marking six years of the global Multi-Actor Partnership (MAP) supported by Germany's BMZ. The forum focused on building financial resilience before and after extreme weather events like the recent _Cyclone Ditwah_. • Sector Vulnerabilities & Key Context: Apparel & textiles: Heat stress and worker protection are rising concerns. Tourism: Informal and seasonal workers face high exposure during climate disruptions. Agriculture: Urgent need to strengthen insurance and financial support for farmers and rural communities. • Strategic Priorities: Improving risk data systems, risk literacy, and institutional coordination. Expanding financial tools to protect vulnerable communities, MSMEs, and farmers. Leveraging international technical assistance via the now fully operational _Santiago Network on Loss and Damage_ for data systems and finance access. • Next Steps: SLYCAN Trust aims to transition from dialogue to practical financial mechanisms, involving commercial banks, insurance providers, and public agencies to secure long-term, inclusive social protection.