The  Caribbean region is highly vulnerable to natural disasters and the  frequency and severity of disasters are expected to increase from  climate change effects. Building financial resilience, as part of a  comprehensive disaster risk management strategy, is crucial to better  manage the fiscal impacts of natural disasters and achieve sustainable  and inclusive growth. Financial protection, through a multilayer  approach that combines different instruments for different layers of  risk, can help countries better manage the cost of disasters, ensure  timely resources when disasters strike, and mitigate their long-term  growth and fiscal impacts. Building on a 2017 Annual Meetings round  table that presented facts on climate change and featured experiences  and lessons with disaster risks and mitigation, this round table aims to  explore appropriate financial protection strategies for Caribbean  countries and desirability of regional solutions.