Fiscal Resilience to Natural Disasters

Fiscal Resilience to Natural Disasters
Title Fiscal Resilience to Natural Disasters PDF eBook
Author
Publisher
Pages 204
Release
Genre Electronic books
ISBN 9789264394407

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Natural disasters continue to cause widespread damage and losses, with fast growing economies particularly exposed. Governments often shoulder a significant share of the costs of disaster recovery and reconstruction. This is true in OECD countries and even more so in developing economies, where private insurance markets are not as well developed. The fiscal impact of disasters on a government's budget can be sizeable. Expenditures for the government arise from both explicit and implicit commitments to compensate for disaster losses. This report presents the results of a study that compares country practices in the management of the financial implications of disasters on government finances for a set of OECD member and partner countries particularly exposed to natural hazards.

Fiscal Resilience to Natural Disasters Lessons from Country Experiences

Fiscal Resilience to Natural Disasters Lessons from Country Experiences
Title Fiscal Resilience to Natural Disasters Lessons from Country Experiences PDF eBook
Author OECD
Publisher OECD Publishing
Pages 204
Release 2019-05-20
Genre
ISBN 9264969446

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This report presents the results of a study that compares country practices in the management of the financial implications of disasters on government finances for a set of OECD member countries and partner economies particularly exposed to natural hazards.

Fiscal Resilience to Natural Disasters

Fiscal Resilience to Natural Disasters
Title Fiscal Resilience to Natural Disasters PDF eBook
Author Oecd
Publisher Org. for Economic Cooperation & Development
Pages 202
Release 2019-08-05
Genre Political Science
ISBN 9789264537002

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The Economic Impacts of Natural Disasters

The Economic Impacts of Natural Disasters
Title The Economic Impacts of Natural Disasters PDF eBook
Author Debarati Guha-Sapir
Publisher Oxford University Press
Pages 341
Release 2013-05-23
Genre Business & Economics
ISBN 0199841934

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This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.

Building Resilience in Developing Countries Vulnerable to Large Natural Disasters

Building Resilience in Developing Countries Vulnerable to Large Natural Disasters
Title Building Resilience in Developing Countries Vulnerable to Large Natural Disasters PDF eBook
Author International Monetary Fund. Strategy, Policy, & Review Department
Publisher International Monetary Fund
Pages 55
Release 2019-06-19
Genre Nature
ISBN 1498321437

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This paper discusses how countries vulnerable to natural disasters can reduce the associated human and economic cost. Building on earlier work by IMF staff, the paper views disaster risk management through the lens of a three-pillar strategy for building structural, financial, and post-disaster (including social) resilience. A coherent disaster resilience strategy, based on a diagnostic of risks and cost-effective responses, can provide a road map for how to tackle disaster related vulnerabilities. It can also help mobilize much-needed support from the international community.

Understanding the economic and financial impacts of natural disasters

Understanding the economic and financial impacts of natural disasters
Title Understanding the economic and financial impacts of natural disasters PDF eBook
Author Charlotte Benson
Publisher World Bank Publications
Pages 136
Release 2004
Genre Disaster relief
ISBN 9780821356852

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Unbreakable

Unbreakable
Title Unbreakable PDF eBook
Author Stephane Hallegatte
Publisher World Bank Publications
Pages 380
Release 2016-11-24
Genre Nature
ISBN 1464810044

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'Economic losses from natural disasters totaled $92 billion in 2015.' Such statements, all too commonplace, assess the severity of disasters by no other measure than the damage inflicted on buildings, infrastructure, and agricultural production. But $1 in losses does not mean the same thing to a rich person that it does to a poor person; the gravity of a $92 billion loss depends on who experiences it. By focusing on aggregate losses—the traditional approach to disaster risk—we restrict our consideration to how disasters affect those wealthy enough to have assets to lose in the first place, and largely ignore the plight of poor people. This report moves beyond asset and production losses and shifts its attention to how natural disasters affect people’s well-being. Disasters are far greater threats to well-being than traditional estimates suggest. This approach provides a more nuanced view of natural disasters than usual reporting, and a perspective that takes fuller account of poor people’s vulnerabilities. Poor people suffer only a fraction of economic losses caused by disasters, but they bear the brunt of their consequences. Understanding the disproportionate vulnerability of poor people also makes the case for setting new intervention priorities to lessen the impact of natural disasters on the world’s poor, such as expanding financial inclusion, disaster risk and health insurance, social protection and adaptive safety nets, contingent finance and reserve funds, and universal access to early warning systems. Efforts to reduce disaster risk and poverty go hand in hand. Because disasters impoverish so many, disaster risk management is inseparable from poverty reduction policy, and vice versa. As climate change magnifies natural hazards, and because protection infrastructure alone cannot eliminate risk, a more resilient population has never been more critical to breaking the cycle of disaster-induced poverty.