Financial losses from natural disasters continue to rise, with developing countries and their low-income populations feeling the greatest effects. Weather-related losses and damages alone have risen from an annual average of about $50 billion in the 1980s to close to $200 billion over the last decade. Climate change could potentially push 100 million more people back into poverty over the next 15 years. The less visible financial impact on the poorest is often the most detrimental and persistent. This can include lifelong and irreversible harm such as loss of access to education or stunting from malnutrition. The cost of disasters does not have to be so devastating. Proactive financial planning can help countries protect livelihoods and investments. Financial protection policies and instruments can support Governments to act as effective risk managers, rather than emergency borrowers. These innovative learning modules provided by the Disaster Risk Financing and Insurance Program (DRFIP)—a partnership of the World Bank Group and the Global Facility for Disaster Reduction and Recovery (GFDRR)—seek to provide Ministers of Finance and their development partners with information and approaches needed to appropriately plan for and manage the financial impact of disasters. The DRFIP is a leading partner of developing countries looking to develop and implement comprehensive financial protection strategies that reduce the financial risk posed by disasters and climate change.