Natural disasters of high intensity significantly affect the state budget and the possibility to recover in a short time and return to normal flows. To adequately prepare for disasters, in addition to preventive measures that are applied before the event, it is also necessary for countries/governments to prepare their liquidity and readiness to financially respond to the challenges of disasters. The use of various financial instruments can ensure that countries at high risk of certain hazards also have financial resilience to disasters. This paper will present how the Republic of Serbia, in 2014, when large floods occurred which were defined as once in hundred years floods, recovered the country in a short period of time with various financial instruments. It will also present the strategic framework and goals that the country needs to achieve to ensure financial resilience to future disasters.