29 results on '"DISASTER RISKS"'
Search Results
2. Citizen Science for Disaster Risk Governance: Towards a Participative Seismological Monitoring of the Mayotte Volcanic Crisis.
- Author
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Bedessem, Baptiste, Retailleau, Lise, Saurel, Jean-Marie, and Sadeski, Ludivine
- Subjects
- *
CITIZEN science , *SEISMOLOGY , *INFORMATION dissemination , *ELECTRONIC data processing , *NATURAL disasters - Abstract
The United Nations (UN) Sendai Framework for Disaster Risk Reduction 2015-2030 aims to mitigate natural disasters, specifically in developing regions. It promotes the adoption of people-centered disaster risk reduction approaches. Hence, citizen science represents an interesting tool to engage populations in the mitigation of disaster risk, through data collection and analysis, and in the dissemination of scientific and safety information. Herein, we evaluate the potential and feasibility of a citizen science project on the island of Mayotte (in the Mozambique Channel). Mayotte has been experiencing an unexpected volcano-seismic crisis since 2018, which has generated strong anxiety in the population. To address this, we have developed a citizen seismology program to engage Mayotte's inhabitants in seismic data processing. First, we conducted an initial test of our protocol to identify seismic events with a set of university students. We then conducted 15 interviews with members of local administrations and associations to assess the potential for engaging the general population in this project. The results show that we are able to collect reliable data from citizens with non-professional backgrounds using the protocol designed in the project. We also show a strong demand for scientific information from Mayotte's inhabitants, associated with a robust trust in science and scientists, despite the circulation of alternative explanations for the seismicity among the population. Based on these results, our citizen science project could be positively received by Mayotte's inhabitants, if advertised adequately. Finally, we discuss the value of these results for disaster risk reduction in vulnerable territories. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
3. Expecting the Unexpected: Disaster Risks and Conflict.
- Author
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Bas, Muhammet A. and McLean, Elena V.
- Subjects
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NATURAL disasters , *INTERNATIONAL conflict , *RISK - Abstract
This study examines the relationship between disaster risks and interstate conflict. We argue that in disaster-prone areas actors' rational expectations about the likelihood and magnitude of potential future disasters can make conflict more likely. The relationship emerges when future disasters are viewed as shocks that are expected to shift the relative power balance among states. If large enough, such expected shifts can generate commitment problems and cause conflict even before any disasters take place. Our approach represents a shift of focus from previous research, which investigates the effect of actual disasters and ignores rational expectations regarding future events. We use a simple game-theoretic model to highlight the commitment problem caused by disaster risks. We then discuss and apply an empirical strategy enabling us to disentangle effects of disaster proneness from effects of actual disaster events. Our results indicate that greater disaster risks are indeed associated with a higher likelihood of interstate conflict. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
4. Multi-level network governance of disaster risks: the case of the Metropolitan Region of the Aburra Valley (Medellin, Colombia).
- Author
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Frey, Klaus and Ramírez, Daniel Ricardo Calderón
- Subjects
- *
MULTI-level governance (Theory) , *ECOLOGICAL resilience , *NATURAL disasters , *DISASTERS , *PUBLIC safety , *CLIMATE change , *GLOBAL warming - Abstract
Cities have increasingly been confronted with disasters, ranging from earthquakes and storms to floods and landslides. Traditional technocratic top-down approaches have proved inadequate to face disaster risks in urban agglomerations. Thus, expectations have risen that through multi-level governance, metropolitan regions could become more resilient by joining forces across scales and sectors, enabling them to implement adaptation strategies collectively. Under the leadership of the city of Medellin and integrated within the national risk governance system of Colombia, such a governance arrangement has been established in the Metropolitan Area of the Aburra Valley. Applying social network analysis, this paper analyses the institutional relationships within the multi-level risk governance network Red Riesgos. It demonstrates that the effectiveness of multi-level disaster risk governance networks depends primarily on the protagonist role of local governments and on their abilities to involve local communities and citizens and to interact constantly with higher-level authorities in the implementation process. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
5. Early Warning, Early Action : The Use of Predictive Tools in Drought Response through Ethiopia's Productive Safety Net Programme
- Author
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Drechsler, Mareile and Soer, Wolter
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MEASURES ,DISASTER EVENT ,AVAILABILITY OF RESOURCES ,TRANSFER AMOUNT ,CONTINGENCY PLANS ,ECONOMIC GROWTH ,PREDICTABILITY ,DISASTER EVENTS ,COOKING ,INSURANCE PROGRAM ,AVAILABILITY OF FOOD ,FOOD POLICY ,CONTINGENCY PLAN ,DISASTER REDUCTION ,TRANSITORY SHOCKS ,RISK ASSESSMENT ,POOR ,FOOD POLICY RESEARCH ,WARNING SYSTEM ,PROVISION OF FOOD ,AGRICULTURAL PRODUCTION ,NEEDS ASSESSMENTS ,SAFETY NETS ,PRODUCTIVE ASSETS ,INCOME ,BENEFICIARIES ,EARLY WARNING SYSTEM ,HOUSEHOLD WELFARE ,RELIEF INTERVENTIONS ,EMERGENCY RESPONSE ,FOOD INSECURITY ,SELECTION CRITERIA ,MALNUTRITION ,FOOD PRICES ,INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE ,HOUSEHOLD CONSUMPTION ,POVERTY ,BANK ,RISK FACTORS ,HUMANITARIAN EMERGENCY ,BODY WEIGHT ,FARMERS ,RISK MANAGEMENT ,BASIC NEEDS ,DAT DATABASE ,CROP DEVELOPMENT ,BENEFICIARY ,PUBLIC SERVICES ,SITUATION REPORT ,FOOD ,TRANSFERS ,FLOOD ,MEDICAL AID ,WELFARE ,HUMANITARIAN ASSISTANCE ,SAFETY NET ,TEA ,LOSS OF INCOME ,FOOD ASSISTANCE ,FOOD INTAKE ,EMERGENCY RELIEF ,RELIEF ,RISKS ,PULSES ,NATURAL HAZARDS ,CHRONIC POVERTY ,SAVING ,CHILD SUPPORT ,SUSTAINABLE DEVELOPMENT ,SUPPLEMENTARY FEEDING ,HUMANITARIAN RESPONSE ,WORLD FOOD PROGRAMME ,DROUGHTS ,LEAN SEASON ,AGRICULTURE ,CLIMATE CHANGE ,TARGETING ,FOOD EXPENDITURES ,DISASTER PREVENTION ,AGRICULTURAL ECONOMICS ,FAMINE ,FOOD NEEDS ,DROUGHT ,IMPACT EVENTS ,RISK ,DISASTER AID ,FOODS ,VULNERABLE PEOPLE ,ECONOMIC SHOCKS ,FOOD CONSUMPTION ,FOOD SECURITY ,DEATH ,FARMER ,HAZARD ,WELFARE BENEFITS ,EMERGENCY ,FAMINE EARLY WARNING SYSTEMS ,FOOD PREPARATION ,CROP LOSSES ,SAFETY ,DISASTERS ,SUPPORT GRANT ,COPING STRATEGIES ,DATES ,INSURANCE ,SOCIAL DEVELOPMENT ,SHOCK ,CHILD GROWTH ,SOCIAL SAFETY NETS ,NATURAL DISASTERS ,INTERNATIONAL FOOD POLICY ,FINANCIAL PROTECTION ,IMPACT OF DISASTERS ,WELFARE PROGRAMS ,SOCIAL PROTECTION ,HOUSEHOLD INCOME ,WHEAT ,EARLY WARNING SYSTEMS ,REFINING ,HAZARDS ,TRANSITORY POVERTY ,AVAILABILITY OF WATER ,EARLY WARNING ,RISK PROFILES ,FOOD AID ,PER CAPITA CONSUMPTION ,POVERTY LINES ,DISASTER RISKS ,DAMAGES ,WFP ,HOUSEHOLD LEVEL ,FOOD REQUIREMENTS ,CEREALS ,FLOODS ,NEEDS ASSESSMENT ,LIGHTING ,EMERGENCY FOOD ,WARNING SYSTEMS ,POVERTY LINE ,DISASTER ,SOCIAL CAPITAL ,SAVINGS ,EMERGENCY NEEDS ,IFPRI ,DISASTER RISK ,CAPACITY BUILDING ,EMERGENCY ASSISTANCE ,PUBLIC WORKS ,FINANCIAL INSTRUMENTS ,STARVATION ,MAIZE ,SOCIAL SAFETY NET - Abstract
This paper investigates the use of early warning tools as part of Ethiopia's Disaster Risk Management framework. Analyzing, in particular, the Livelihoods, Early Assessment and Protection tool, Livelihood Integrated Assessment and Hotspots Assessments, the paper delineates the scope and objectives of existing early warning tools, their commonalities and limitations. From a disaster risk financing and insurance perspective, the paper investigates possible enhancements in the existing early warning framework and its use that could facilitate greater timeliness of drought response. The paper argues that based on the existing early warning instruments and continued improvements to the early warning systems, it is possible to enable early action during the onset of a drought.
- Published
- 2016
6. Fiscal Disaster Risk Assessment and Risk Financing Options : Sri Lanka
- Author
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World Bank Group
- Subjects
INFORMATION ,STORM ,RISK ANALYSIS ,ComputingMilieux_LEGALASPECTSOFCOMPUTING ,OIL SPILLS ,REINSURANCE ,FIRE ,INSURANCE COMPANIES ,DISASTER EVENTS ,HURRICANE ,CONTINGENCY PLANNING ,PROGRAMS ,NATURAL CATASTROPHES ,INFLATION ,INSURANCE COMPANY ,EXTREME EVENTS ,DISASTER REDUCTION ,NON-LIFE INSURANCE ,DISASTER MANAGEMENT ,DISASTER RECOVERY ,LOSS ,RISK ASSESSMENT ,LOSSES ,UTENSILS ,DAMAGE ,BENEFICIARIES ,TERRORISM ,TIDAL WAVES ,RISK REDUCTION ,EMERGENCY RESPONSE ,BROKERS ,MEDICAL ASSISTANCE ,CIVIL WAR ,TERRORIST ,EARTHQUAKES ,COVERAGE ,PRIVATE INSURANCE ,REINSURERS ,BANK ,RETROCESSIONAIRE ,CASUALTY ,WAR ,DISASTER RISK REDUCTION ,FARMERS ,RISK MANAGEMENT ,RELIEF SUPPLIES ,INSURERS ,MITIGATION ,INFORMATION SYSTEMS ,MOTOR INSURANCE ,FOREST FIRE ,CATASTROPHE COVERAGE ,FLOOD ,RELIEF ASSISTANCE ,RATES ,WELFARE ,RIOT ,RELIEF OPERATIONS ,ERUPTION ,APPLICATIONS ,VOLCANIC ERUPTION ,INFORMATION SYSTEM ,REGULATION OF INSURANCE ,RELIEF EFFORTS ,RELIEF ,RISKS ,NATURAL HAZARDS ,DISASTER REHABILITATION ,VICTIMS ,RELIEF OPERATION ,KITCHEN UTENSILS ,FINANCIAL RISK ,PUBLIC SAFETY ,THUNDERSTORMS ,DROUGHTS ,CATASTROPHIC EVENTS ,CLIMATE CHANGE ,FLOODING ,LANDSLIDE ,ALLIANCE ,NONGOVERNMENTAL ORGANIZATION ,STORMS ,DISASTER PREVENTION ,CONTINGENT LIABILITY ,DECLARATION ,INSURANCE PREMIUM ,INSURANCE INDUSTRY ,REINSURER ,HURRICANES ,NATURAL HAZARD ,RECOVERY OPERATIONS ,EARTHQUAKE ,DROUGHT ,RISK ,INSURER ,FOOD SECURITY ,CATASTROPHIC EVENT ,HAIL STORM ,TROPICAL CYCLONES ,EMERGENCY ,GENERAL INSURANCE ,SAFETY ,DISASTERS ,LANDSLIDES ,REGULATION ,INSURANCE ,NATURAL DISASTERS ,TROPICAL STORMS ,LIFE INSURANCE ,ACCIDENT ,BANKS ,RISK INSURANCE ,AGRICULTURAL INSURANCE ,DISASTER RELIEF ,IMPACT OF DISASTERS ,SOCIAL ASSISTANCE ,ASSURANCE ,NATURAL DISASTER ,CREDIT ,DAMAGED HOUSE ,TSUNAMI ,VOLCANIC ERUPTIONS ,CLAIMS ASSESSMENTS ,DISASTER INSURANCE ,TORNADO ,TSUNAMIS ,TECHNOLOGY ,DISASTER RISKS ,FIRE INSURANCE ,DAMAGES ,MICROINSURANCE ,FLOODS ,INSURANCE BROKERS ,INDEMNITY ,CATASTROPHE FUND ,LEGAL FRAMEWORK ,DISASTER ,SAVINGS ,EMERGENCY OPERATION ,DISASTER RISK ,INSURANCE PREMIUMS ,EMERGENCY ASSISTANCE ,ERUPTIONS ,NATURAL CATASTROPHE ,RISK EXPOSURE - Abstract
The objective of the report is to raise awareness of the fiscal impacts that natural disasters have on the budget of the Government of Sri Lanka. It is envisioned to be used as a planning tool for the potential development of a comprehensive disaster risk financing and insurance strategy that would equip the Ministry of Finance with additional instruments to manage the contingent liability posed by disasters. Its recommendations are a starting point for a collaborative discussion with the government on the potential development of a broad program.
- Published
- 2016
7. Disaster Risk Management and Fiscal Policy : Narratives, Tools, and Evidence Associated with Assessing Fiscal Risk and Building Resilience
- Author
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Mechler, Reinhard, Mochizuki, Junko, and Hochrainer-Stigler, Stefan
- Subjects
DISASTER EVENT ,INFORMATION ,INFRASTRUCTURE ,RISK ANALYSIS ,REINSURANCE ,RISK‐TRANSFER ,INSURANCE COMPANIES ,DISASTER EVENTS ,HURRICANE ,GOVERNMENT LIABILITIES ,CONTINGENCY PLANNING ,PROGRAMS ,NATURAL CATASTROPHES ,PROJECTS ,GOVERNMENT LIABILITY ,EXTREME EVENTS ,EXTERNALITIES ,DISASTER REDUCTION ,DISASTER MANAGEMENT ,DISASTER RECOVERY ,GOVERNMENT INSURANCE ,CRITERIA ,LOSS ,RISK ASSESSMENT ,RISK AVERSION ,LOSSES ,LENDING ,RISK REDUCTION ,TERRORIST ,EARTHQUAKES ,GOVERNMENTS ,INCENTIVES ,RESERVES ,BANK ,LOANS ,DISASTER RISK REDUCTION ,DISTRIBUTION OF INCOME ,RISK MANAGEMENT ,INSURANCE SYSTEM ,STRATEGIES ,FOOD‐AID ,FINANCIAL MARKETS ,STATE GUARANTEES ,LEVEL‐PLAYING FIELD ,MITIGATION ,CATASTROPHES ,MARKETS ,FINANCE ,FLOOD ,RECONSTRUCTION ,INSURANCE TRANSACTIONS ,RELIEF OPERATIONS ,DEVASTATION ,RISK‐ REDUCTION ,LIABILITIES ,ENTERPRISES ,EMERGENCIES ,BALANCE SHEET ,RELIEF EFFORTS ,SERVICES ,PUBLIC DEBT ,DEBT ,CONTINGENT LIABILITIES ,RELIEF ,RISKS ,GUARANTEES ,NATURAL HAZARDS ,VICTIMS ,SOCIAL SECURITY ,COMMERCIAL DEBT ,CLAIMS ,EXCISE TAXES ,CATASTROPHE REINSURANCE ,SOVEREIGN RISK ,FACTORING ,CLIMATE CHANGE ,EXTREME EVENT ,LANDSLIDE ,ALLIANCE ,FISCAL GAPS ,DISASTER PREVENTION ,RISK ASSESSMENTS ,CONTINGENT LIABILITY ,FAMINE ,HURRICANES ,NATURAL HAZARD ,RECOVERY OPERATIONS ,DROUGHT ,VALUE ,RISK ,DISASTER AID ,LAND‐USE ,CAPITAL MARKETS ,EMERGENCY ,RISK EVALUATION ,FISCAL POLICY ,HEALTH CARE ,FINANCIAL STABILITY ,DISASTERS ,DISASTER ACTIVITIES ,INSURANCE ,REVENUE ,TAXES ,EQUITY ,DISASTER‐PRONE COUNTRIES ,NATURAL DISASTERS ,EMERGENCY MANAGEMENT ,GRANTS ,LAND ,RISK INSURANCE ,DISASTER RELIEF ,REGULATIONS ,PUBLIC POLICY ,RISK PROFILES ,NATURAL DISASTER ,CREDIT ,TSUNAMI ,PUBLIC FINANCE ,DISASTER INSURANCE ,PUBLIC POLICIES ,DISASTER RISKS ,DAMAGES ,AGENTS ,INCOME GROUPS ,FLOODS ,HOUSING ,INTEREST ,RISK TRANSFER ,NATURAL RESOURCES ,TRANSPORT ,DISASTER ,SAVINGS ,DISASTER RISK ,ADB ,EMERGENCY ASSISTANCE ,TAX ADMINISTRATION ,URBAN DEVELOPMENT ,LEVEL PLAYING FIELD ,NATURAL CATASTROPHE - Abstract
This paper addresses the question whether and how co-benefits, through disaster resilience building, can be further promoted. Co-benefits are defined as positive externalities that arise deliberately as a result of a joint strategy that pursues several objectives synergistically at the same time, such as disaster risk management and development goals, or disaster risk management and climate change adaptation. Of particular interest is the question of how the economic and broader benefits of disaster risk management can be recognized and realized by those in charge of fiscal policy decisions. The paper considers the interplay between public disaster risk management investment and fiscal policy, and provides an overview of the current debate as well as assessment methods, tools, and policy options. In fiscal budgeting, it has been standard practice to focus on direct liabilities and recurrent spending. Costs of disasters are often dealt with after the fact only, rather than being considered as contingent liabilities. As a consequence, the full costs of disasters have often not been budgeted for, and, with a price signal missing, there is lack of clear incentives for investing in disaster risk management. Overall, the paper identifies four steps and three dividends to be harnessed: (i) understanding fiscal risk; (ii) protecting public finance through risk financing instruments, the first dividend; (iii) managing disaster risk comprehensively, the second dividend; and (iv) pursuing a synergistic, co-benefits strategy of concurrently managing disaster risks and promoting development, the third dividend.
- Published
- 2016
8. Disaster Risk Finance Country Note : Serbia
- Author
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World Bank Group
- Subjects
INVESTMENT ,RESERVE FUNDS ,TAX ,STORM ,PENSION FUNDS ,BUDGET ,PENSION FUND ,GROSS DOMESTIC PRODUCT ,REINSURANCE ,FIRE ,INSURANCE COMPANIES ,PREDICTABILITY ,DISASTER EVENTS ,LOAN AGREEMENT ,INSURANCE COMPANY ,EMERGENCY SITUATIONS ,EXTREME EVENTS ,DISASTER REDUCTION ,DISASTER MANAGEMENT ,INTERNATIONAL FINANCIAL CRISIS ,RISK ASSESSMENT ,FLOOD PROTECTION ,DAMAGE ,INVESTMENTS ,INSURANCE POLICIES ,INSTRUMENT ,RISK REDUCTION ,EMERGENCY RESPONSE ,GOVERNMENT BORROWING ,EARTHQUAKES ,FINANCIAL CRISIS ,STOCK ,PERSONAL INCOME ,POVERTY ,PENSION ,INVESTORS ,CONTAMINATION ,OPTIONS ,BONDS ,METEOROLOGICAL ORGANIZATION ,FINANCIAL MARKET ,RESERVES ,BANK ,LOANS ,OPPORTUNITY COST ,CREDIT LINES ,PUBLIC ASSETS ,DISASTER RISK REDUCTION ,PENSION FUND CONTRIBUTIONS ,FARMERS ,RISK MANAGEMENT ,GOVERNMENT BUDGET ,TRANSPARENCY ,MORTGAGE ,DISASTER RESPONSE ,BENEFICIARY ,INSURERS ,BORROWER ,EMERGENCY RECOVERY ,MARKETS ,INSTITUTIONAL CAPACITY ,FINANCE ,TAX POLICY ,LINE OF CREDIT ,FOREST FIRE ,SMALL BUSINESSES ,FLOOD ,RECONSTRUCTION ,LIABILITIES ,LEGISLATIVE FRAMEWORK ,SWAP ,LIQUIDITY ,INSTRUMENTS ,PUBLIC DEBT ,DEBT ,CREDIT RISK ,CONTINGENT LIABILITIES ,RELIEF ,RISKS ,GUARANTEES ,NATURAL HAZARDS ,MARKET ,PROPERTY ,FINANCIAL RISK ,INSURANCE PENETRATION ,FINANCIAL MANAGEMENT ,SOVEREIGN RISK ,LOCAL INFRASTRUCTURE ,CREDIT ARRANGEMENTS ,DROUGHTS ,NATIONAL BANK ,FINANCING REQUIREMENTS ,GOVERNMENT ACCOUNT ,SNOWSTORM ,FLOODING ,LANDSLIDE ,STORMS ,CONTINGENT LIABILITY ,PUBLIC FUNDS ,EARTHQUAKE ,ACCOUNTING ,BUDGETS ,FINANCES ,DROUGHT ,INCOME TAX ,SECURITY ,RISK ,INCOME SECURITY ,REMITTANCES ,INSURANCE MARKET ,FLOOD INSURANCE ,EMERGENCY ,LOCAL GOVERNMENTS ,FISCAL POLICY ,RESERVE ,LEGAL PROVISIONS ,LIABILITY ,FINANCIAL INSTITUTIONS ,GOOD ,EQUIPMENT ,DISASTERS ,LANDSLIDES ,INTERNATIONAL FINANCIAL INSTITUTIONS ,BOND MARKET ,OPPORTUNITY COSTS ,INSURANCE ,TAXES ,NATURAL DISASTERS ,BOND ,EMERGENCY MANAGEMENT ,DISASTER RELIEF ,IMPACT OF DISASTERS ,HOUSEHOLD INCOME ,GOVERNMENT ASSETS ,OPTION ,DEBT FINANCING ,EARLY WARNING ,LOAN ,NATURAL DISASTER ,EXPENDITURES ,BOND ISSUANCE ,DEVELOPING COUNTRIES ,SECURITIES ,DISASTER INSURANCE ,FUTURE ,MONETARY FUND ,DISASTER RISKS ,DAMAGES ,INTERNATIONAL BORROWING ,ISSUANCE ,FLOODS ,FLOODED ,EXPLOSION ,INTEREST ,LEGAL FRAMEWORK ,HAILSTORM ,DISASTER ,FINANCIAL SUPPORT ,DISASTER RISK ,INSURANCE PREMIUMS ,CAPACITY BUILDING ,INSURANCE MARKETS ,PUBLIC INVESTMENT ,FINANCIAL INSTRUMENTS ,EXPENDITURE - Abstract
This disaster risk financing country note for Serbia provides an overview of the way its government currently finances the costs imposed by natural disasters. Meanwhile, poverty deepened after the financial crisis and during the recessions of 2012 and 2014, mainly because of losses in employment and labor income. In an effort to overcome its fiscal challenges, the government of Serbia adopted an ambitious fiscal consolidation and structural reform program to halt the rise in public debt and send it on a downward trajectory by 2017. This program is supported by a three-year stand-by arrangement from the International Monetary Fund (IMF). Because of the growing frequency and severity of disasters, the government has faced the rising costs of responding to disasters as well as the challenges of financing emergency response and reconstruction costs. Having sufficient access to financial instruments and resources in order to respond to disasters is crucial for building the financial resilience of the country and minimizing the negative impact of natural disasters on Serbia’s economic growth. In this report, chapter one gives introduction. Chapter two provides the background and country context, including the recent economic impacts of disasters. Chapter three reviews the current institutional and legal framework for disaster risk management and financing. Chapter four is a review of the public financial management of disasters in Serbia, including ex ante and ex post disaster risk financing and insurance (DRFI) instruments currently in use for budget mobilization, and it looks at the 2014 floods in more detail. The chapter concludes with a summary of financial resources available and a look at the potential resource gaps.
- Published
- 2016
9. Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk
- Author
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World Bank
- Subjects
INFORMATION ,INFRASTRUCTURE ,volatility ,FLOODING ,LANDSLIDE ,RISK ANALYSIS ,REINSURANCE ,FIRE ,DISASTER EVENTS ,CONTINGENT LIABILITY ,fiscal risk ,DECLARATION ,PROGRAMS ,PROJECTS ,INSURANCE INDUSTRY ,DISASTER REDUCTION ,MACROECONOMIC STABILITY ,catastrophe insurance ,LOSS ,INSURANCE COVERAGE ,RISK ASSESSMENT ,EARTHQUAKE ,LOSSES ,health care economics and organizations ,DAMAGE ,RISK ,INSURANCE POLICIES ,MANDATES ,MUNICIPALITIES ,EARTHQUAKES ,INDEMNITY INSURANCE ,EMERGENCY ,COVERAGE ,PRIVATE INSURANCE ,natural disasters ,RESERVES ,BANK ,DISASTERS ,LANDSLIDES ,INSURANCE ,LOANS ,fiscal policy ,RISK DIVERSIFICATION ,PHYSICAL DAMAGES ,RISK INSURANCE ,STRATEGIES ,DISASTER RESPONSE ,REGULATIONS ,MITIGATION ,INDUSTRY ,CREDIT ,NATURAL DISASTER ,risk management ,VOLCANIC ERUPTIONS ,FINANCE ,SUSTAINABILITY ,financial innovation ,PRICES ,PUBLIC POLICIES ,DISASTER RISKS ,RECONSTRUCTION ,DAMAGES ,LIABILITY MANAGEMENT ,RISK MITIGATION ,ERUPTION ,LIABILITIES ,FLOODS ,HOUSING ,INDEMNITY ,INFORMATION SYSTEM ,INTEREST ,RISK TRANSFER ,SERVICES ,EMERGENCY RELIEF ,PUBLIC DEBT ,CREDIT RISK ,DEBT ,CONTINGENT LIABILITIES ,RELIEF ,RISKS ,DISASTER ,NATURAL HAZARDS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,DISASTER RISK ,ERUPTIONS ,public finance ,VULNERABILITY TO DISASTERS ,PROPERTY ,FINANCIAL RISK ,FINANCIAL MANAGEMENT - Abstract
Disasters resulting from natural hazards represent an important challenge for Colombia’s fiscal sustainability and stability. Colombia is one of the countries with the highest recurrence rate of disasters caused by natural hazards in Latin America (see the Annex)1. As the country’s population and economy continue to grow, so will the economic losses resulting from such events, an average of 600 disaster events of which is reported per year2. Colombia’s rate of economic growth is increasing the base of assets exposed to disaster risks, which may lead to significant increases in losses, particularly if investments in new assets are not accompanied by plans for mitigating disaster risk. The Government of Colombia (GoC) recognizes the importance of mitigating these events and has taken several steps to mainstream disaster risk management into its policy and programs, as evinced by the National Development Plan ‘2014-2018’, ‘all for a New Country’. The MHCP is committed to developing strategies for reducing its contingent liabilities in relation to disasters and to managing the fiscal risk resulting from these events. This document presents the priority policy objectives that have been established to assess, reduce, and manage fiscal risk due to natural disasters. It also describes the MHCP’s efforts to progress its policy objectives in the long term. These policy objectives represent the MHCP’s ex ante policy framework regarding management of financial and fiscal disaster risk. The MHCP identifies three priority policy objectives in order to strengthen management of the Government’s contingent liabilities and thus support the goal of achieving macroeconomic stability and fiscal balance. The policy objectives are: (i) identification and understanding of fiscal risk due to disasters; (ii) financial management of natural disaster risk, including the implementation of innovative financial instruments; and (iii) catastrophe risk insurance for public assets.
- Published
- 2016
10. Using Probabilistic Models to Appraise and Decide on Sovereign Disaster Risk Financing and Insurance
- Author
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Ley-Borrás, Roberto and Fox, Benjamin D.
- Subjects
SOVEREIGN RISK ,INFORMATION ,PREVENTIVE ACTIONS ,DROUGHTS ,INVESTMENT ,CATASTROPHIC EVENTS ,NATURAL PHENOMENA ,INFRASTRUCTURE ,FINANCING SOURCES ,STORMS ,RISK‐TRANSFER ,INSURANCE COMPANIES ,DISASTER PREVENTION ,CONTINGENT LIABILITY ,HURRICANE ,PROGRAMS ,NATURAL CATASTROPHES ,INSURANCE INDUSTRY ,DISASTER REDUCTION ,DISASTER MANAGEMENT ,HURRICANES ,NATURAL HAZARD ,CRITERIA ,LOSS ,RISK ASSESSMENT ,EARTHQUAKE ,RISK AVERSION ,LOSSES ,VALUE ,DAMAGE ,RISK ,INCOME ,OUTCOMES ,RISK REDUCTION ,OUTPUTS ,CREDIT INSURANCE ,CAPITAL MARKETS ,EARTHQUAKES ,POLICIES ,BUILDING CODE ,GOVERNMENTS ,EMERGENCY ,COVERAGE ,RESERVES ,BANK ,DISASTERS ,EFFECTS ,INSURANCE ,LOANS ,SOCIAL DEVELOPMENT ,REVENUE ,DISASTER RISK REDUCTION ,TAXES ,NATURAL DISASTERS ,RISK MANAGEMENT ,ORGANIZATIONS ,EFFICIENCY ,STRATEGIES ,DISASTER RESPONSE ,TRAINING ,REDUCING POVERTY ,PUBLIC POLICY ,MITIGATION ,INDUSTRY ,CATASTROPHES ,NATURAL DISASTER ,MARKETS ,CREDIT ,FINANCE ,NEUTRALITY ,PHYSICAL DAMAGE ,MANAGEMENT ,DISASTER RISKS ,TSUNAMIS ,FLOOD ,RECONSTRUCTION ,RISK MITIGATION ,RELIEF OPERATIONS ,LIABILITIES ,PRODUCTION ,FLOODS ,SOCIAL BENEFITS ,RISK TRANSFER ,DEBT ,CONTINGENT LIABILITIES ,RELIEF ,TRANSPORT ,RISKS ,DISASTER ,NATURAL HAZARDS ,SNOW STORMS ,DISASTER RISK ,RESPONSE TO DISASTER ,PROPERTY ,FINANCIAL RISK ,RISK EXPOSURE - Abstract
This paper presents an overview of the structure of probabilistic catastrophe risk models, discusses their importance for appraising sovereign disaster risk financing and insurance instruments and strategy, and puts forward a model and a process for improving decision making on the linked disaster risk management strategy and sovereign disaster risk financing and insurance strategy. The paper discusses governments use of probabilistic catastrophe models to inform sovereign disaster risk financing decision making and describes the ex ante and ex post financing instruments available for responding to extreme natural events. It also discusses the challenge of appraising sovereign disaster risk financing and insurance instruments, including a review of the multiple dimensions of disaster risks and the value that probabilistic catastrophe risk models provide. The decision making framework for sovereign disaster risk financing and insurance put forward by the paper includes the use of a decision model (an influence diagram) as a rigorous representation of the relationships between the decisions, uncertain events, and consequences relevant to sovereign disaster risk financing and insurance decision making. The framework also includes a process for generating high-quality customized components for the decision model, and a tool for designing coherent sovereign disaster risk financing and insurance strategies. The paper ends with suggestions for improving catastrophe risk models to facilitate sovereign disaster risk financing and insurance decision making.
- Published
- 2015
11. Marshall Islands : Disaster Risk Financing and Insurance
- Author
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World Bank
- Subjects
TAX ,STORM ,COUNTRY RISK ,INVENTORY ,RISK ANALYSIS ,ECONOMIC ASSISTANCE ,DEBT-SERVICE ,GROSS DOMESTIC PRODUCT ,REINSURANCE ,FIRE ,TAX CREDITS ,CONTINGENCY PLANNING ,EXTREME EVENTS ,DISASTER MANAGEMENT ,DISASTER REDUCTION ,TECHNICAL ASSISTANCE ,RISK ASSESSMENT ,INSTRUMENT ,TIDAL WAVES ,EMERGENCY RESPONSE ,TROPICAL CYCLONE ,EARTHQUAKES ,LIFE INSURANCE PREMIUM ,RETURNS ,GOVERNMENT BONDS ,PRINCIPAL REPAYMENTS ,BONDS ,RESERVES ,NATIONAL EMERGENCY ,RISK FACTORS ,PUBLIC SPENDING ,CREDIT LINES ,DISASTER PREPAREDNESS ,OPPORTUNITY COST ,BUDGETARY PROCESSES ,DISASTER RISK REDUCTION ,PUBLIC ASSETS ,RISK MANAGEMENT ,DISASTER RESPONSE ,FINANCIAL MARKETS ,RELIEF SUPPLIES ,LIVING STANDARDS ,INSURERS ,HOLDING ,ASSET VALUES ,BORROWING CAPACITY ,SITUATION REPORT ,WAGES ,DAMAGE ASSESSMENT ,INCOME STREAM ,EXTERNAL DEBT ,SWAPS ,HUMANITARIAN ASSISTANCE ,SAFETY NET ,RELIEF WORK ,GRANT FUNDING ,MEDICINE ,SWAP ,GOVERNMENT EXPENDITURES ,RENEGOTIATION ,DISBURSEMENT ,MEDICAL SUPPLIES ,LIQUIDITY ,PUBLIC DEBT ,RELIEF ,DISASTER EMERGENCY ,NATURAL HAZARDS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,NATIONAL INVESTMENT ,DOMESTIC CREDIT ,LOCAL BUSINESSES ,FUNGIBLE ,FINANCIAL RISK ,INSURANCE PENETRATION ,FINANCIAL MANAGEMENT ,INDEBTED COUNTRIES ,SOVEREIGN RISK ,WIND SPEEDS ,CREDIT ARRANGEMENTS ,DISASTER EMERGENCY RESPONSE ,DISASTER VICTIMS ,RETURN ,DROUGHTS ,FINANCING REQUIREMENTS ,CATASTROPHIC EVENTS ,BANK DEBT ,CLIMATE CHANGE ,FLOODING ,DISASTER RECONSTRUCTION ,DISBURSEMENTS ,TAX INCENTIVES ,CENTRAL GOVERNMENT DEBT ,DECLARATION ,INSURANCE PREMIUM ,MACROECONOMIC STABILIZATION ,WIND SPEED ,INSURANCE INDUSTRY ,TYPHOONS ,NEGOTIATION ,PUBLIC FUNDS ,EARTHQUAKE ,PORTFOLIOS ,DROUGHT ,CASUALTIES ,DERIVATIVES ,FOREIGN AFFAIRS ,FOOD SECURITY ,INSURANCE MARKET ,INTERNATIONAL DEVELOPMENT ,CAPITAL MARKETS ,TROPICAL CYCLONES ,DEBRIS REMOVAL ,LOCAL NONGOVERNMENTAL ORGANIZATIONS ,RESERVE ,INTERNATIONAL INSURANCE ,FATALITIES ,SAFETY ,INSURANCE ,CURRENCY ,GOVERNMENT EXPENDITURE ,NATURAL DISASTERS ,TROPICAL STORMS ,CATASTROPHE BONDS ,DISASTER ASSISTANCE ,LIFE INSURANCE ,GOVERNMENT REVENUE ,LOAN ,NATURAL DISASTER ,RISK PROFILE ,RISK PROFILES ,EXPENDITURES ,TSUNAMI ,DISASTER INSURANCE ,INTERNATIONAL BANK ,TECTONIC PLATES ,PHYSICAL DAMAGE ,CASH RESERVES ,DEBT SERVICING ,DISASTER RISKS ,TSUNAMIS ,DAMAGES ,DEVELOPMENT BANK ,ISSUANCE ,SUBSIDIARY ,ASSET VALUE ,HOUSING ,INTERNATIONAL RELIEF ,FORMS OF CREDIT ,INDEMNITY ,RESERVE FUND ,TYPHOON ,DISASTER ,FINANCIAL SUPPORT ,LAWS ,ADB ,DISASTER RISK ,INSURANCE MARKETS ,UNDERWRITERS ,FINANCIAL INSTRUMENTS ,NATURAL CATASTROPHE ,EXPENDITURE - Abstract
This note aims to build understanding of the existing disaster risk financing and insurance (DRFI) tools in use in The Marshall Islands and to identify gaps where potential engagement could further develop financial resilience. The likelihood that a hazardous event will have a significant impact on the Marshall Islands has risen with the increasing levels of population and assets in the urban areas of Majuro and Ebeye. The low-lying atolls are at risk of damage to both assets and people as a result of storm surges and tsunamis. The Marshall Islands is expected to incur, on average over the long term, annual losses of US$3 million due to earthquakes and tropical cyclones. In the next 50 years, the Marshall Islands has a 50 percent chance of experiencing a loss exceeding US$53 million. The government takes an ex-ante approach to financing the cost of disasters, but the resources available are limited. The Marshall Islands has a maximum amount of US$15.6 million potentially available in ex-ante instruments to facilitate disaster response. The government s post-disaster budget execution process relies on a variety of financial tools, but the size of the economy limits access to immediate post-disaster cash resources. A number of options for improving disaster risk financing and insurance are presented here for consideration: (a) develop an integrated disaster risk financing and insurance strategy; (b) assess the domestic insurance market for both public and private assets to establish what products are currently offered and to determine their level of uptake; (c) carry out a quantitative analysis to determine whether contingent credit could be an effective tool to access additional liquidity post-disaster; and (d) investigate the possibility of establishing policies for financial assistance to disaster victims in remote communities.
- Published
- 2015
12. Fiji : Disaster Risk Financing and Insurance
- Author
-
World Bank
- Subjects
INSURANCE LAW ,STORM ,COUNTRY RISK ,PROPERTY INSURERS ,DEPOSIT ,TAX CREDITS ,NATURAL CATASTROPHES ,EXTREME EVENTS ,NON-LIFE INSURANCE ,PHYSICAL ASSETS ,RISK ASSESSMENT ,INCOME ,GOVERNMENT DEPARTMENTS ,EARTHQUAKES ,BUILDING CODE ,RETURNS ,RISK FACTORS ,PUBLIC SPENDING ,CREDIT LINES ,DISASTER PREPAREDNESS ,DISASTER RISK REDUCTION ,BROKER ,FINANCIAL MARKETS ,INSURERS ,EXTERNAL CREDIT ,HOLDING ,BORROWING CAPACITY ,DRAWN DOWN ,CAPTIVE INSURANCE ,DAMAGE ASSESSMENT ,INCOME STREAM ,FLOOD ,RELIEF ASSISTANCE ,SWAPS ,RISK MANAGEMENT PROCESS ,GRANT FUNDING ,SWAP ,UNDERWRITING ,DISBURSEMENT ,LIQUIDITY ,RISK POOLING ,NATURAL HAZARDS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,DOMESTIC CREDIT ,LOCAL BUSINESSES ,FUNGIBLE ,INSURANCE SUPERVISORS ,FINANCIAL CONSTRAINTS ,FINANCIAL RISK ,INSURANCE PENETRATION ,BUDGET DEFICIT ,INDEBTED COUNTRIES ,SOVEREIGN RISK ,LOCAL MARKET ,VOLCANOES ,FINANCING REQUIREMENTS ,CLIMATE CHANGE ,STORM SURGE ,FLOODING ,DISBURSEMENTS ,TAX DEDUCTION ,CONTINGENT LIABILITY ,RISK PREMIUMS ,NATURAL HAZARD ,PORTFOLIO ,EARTHQUAKE ,INSURER ,INSURANCE MARKET ,CAPITAL MARKETS ,CATASTROPHIC EVENT ,TROPICAL CYCLONES ,RISK EXPOSURES ,EXCHANGE RATE ,HEALTH CARE ,INSURED LOSSES ,INTERNATIONAL INSURANCE ,EQUIPMENT ,CURRENCY ,CATASTROPHE INSURANCE ,NATURAL DISASTERS ,CATASTROPHE BONDS ,BANKS ,FINANCIAL RESILIENCE ,RISK INSURANCE ,DISASTER RELIEF ,LOAN ,NATURAL DISASTER ,RISK PROFILE ,MATURITY ,DISASTER INSURANCE ,FINANCIAL RESOURCES ,PRUDENTIAL SUPERVISION ,INSURANCE AGENTS ,DEVELOPMENT BANK ,ISSUANCE ,FLOODS ,ASSET VALUE ,INSURANCE RATES ,INTERNATIONAL RELIEF ,DISASTER MITIGATION ,FORMS OF CREDIT ,INDEMNITY ,INSURANCE BROKERS ,UNDERINSURANCE ,RISK TRANSFER ,TRADING ,RESERVE FUND ,CLIMATE ,INSURANCE PREMIUMS ,INSURANCE REGULATION ,INSPECTIONS ,INTERNATIONAL REINSURANCE ,FINANCIAL INSTRUMENTS ,NATURAL CATASTROPHE ,INSURANCE BROKER ,RISK EXPOSURE ,VALUATION ,TAX ,DAMAGE ASSESSMENTS ,DISASTER FINANCING ,GROSS DOMESTIC PRODUCT ,REINSURANCE ,FIRE ,INSURANCE COMPANIES ,ALLOCATION ,DISASTER EVENTS ,GOVERNMENT DEBT ,CONTINGENCY PLANNING ,INSURANCE SUPERVISION ,INSURANCE COMPANY ,PROGRAMS ,DISASTER MANAGEMENT ,DISASTER REDUCTION ,INSURANCE COVERAGE ,FINANCIAL SECTOR ,LAND USE ,INSTRUMENT ,OFFSHORE MARKET ,BROKERS ,TROPICAL CYCLONE ,REINSURANCE CONTRACT ,INDEMNITY INSURANCE ,LIFE INSURANCE PREMIUM ,GOVERNMENT BONDS ,REINSURERS ,RESERVES ,OPPORTUNITY COST ,PUBLIC ASSETS ,SETTLEMENT ,RISK MANAGEMENT ,REINSURANCE CAPACITY ,DISASTER RESPONSE ,RELIEF SUPPLIES ,SOLVENCY ,FOREIGN DIRECT INVESTMENT ,SALESPEOPLE ,STOCK EXCHANGES ,EXTERNAL DEBT ,REINSURANCE PREMIUMS ,STOCK EXCHANGE ,RELIEF WORK ,APPLICATIONS ,POLITICAL UNCERTAINTIES ,DOMESTIC BONDS ,FINANCIAL EXPOSURES ,RELIEF ,DISASTER EMERGENCY ,NATIONAL INVESTMENT ,LIFE INSURERS ,VULNERABILITY TO DISASTERS ,RESERVE BANK ,FINANCIAL MANAGEMENT ,CREDIT ARRANGEMENTS ,DISASTER EMERGENCY RESPONSE ,RETURN ,DOMESTIC DEBT ,DISASTER RECONSTRUCTION ,TAX INCENTIVES ,EARTHQUAKE INSURANCE ,INSURANCE PREMIUM ,MACROECONOMIC STABILIZATION ,WIND SPEED ,INSURANCE INDUSTRY ,SOLVENCY REQUIREMENTS ,PUBLIC FUNDS ,ACCOUNTING ,PORTFOLIOS ,VALUATIONS ,INTERNATIONAL DEVELOPMENT ,INSURANCE CLAIMS ,MARKET PENETRATION ,GENERAL INSURANCE ,ECONOMIC IMPACT ,LOCAL NONGOVERNMENTAL ORGANIZATIONS ,RESERVE ,LANDSLIDES ,INSURANCE ,HOLDINGS ,LIFE INSURANCE ,PROPERTY INSURANCE ,IMPACT OF DISASTERS ,SINKING FUND ,ASSURANCE ,EXPENDITURES ,TSUNAMI ,INTERNATIONAL BANK ,GLOBAL BOND ,DISASTER RISK FINANCING ,DISASTER RISKS ,MONETARY FUND ,TSUNAMIS ,DAMAGES ,AGENTS ,TRANSFER PAYMENTS ,DOMESTIC SOURCES ,INSURANCE PRODUCTS ,INSURANCE PILOT ,EMERGENCY OPERATIONS ,ATTACHMENT POINT ,BANKING CORPORATION ,DISASTER ,FINANCIAL SUPPORT ,DISASTER RISK ,INSURANCE MARKETS ,INSURANCE CONTRACTS ,FINANCIAL RISK-SHARING MECHANISMS ,EXPENDITURE ,TAX CONCESSIONS - Abstract
This note aims to build understanding of the existing disaster risk financing and insurance (DRFI) tools in use in Fiji and to identify gaps where potential engagement could further develop financial resilience. In addition the note aims to encourage peer exchange of regional knowledge, specifically by encouraging dialogue on past experiences, lessons learned, optimal use of these financial tools, and the effect they may have on the execution of post-disaster funds. In 2012 alone Fiji experienced three major events with estimated total damage of F$146 million (US$78 million). Fiji is expected to incur, on average over the long term, annual losses of F$158 million (US$85 million) due to earthquakes and tropical cyclones. In the next 50 years Fiji has a 50 percent chance of experiencing a loss exceeding F$1,500 million (US$806 million). The country has a taken a proactive approach to DRFI and developed a finance manual for post-disaster budget execution. The government now has F$3 million (US$1.6 million) available in DRFI instruments to facilitate disaster response and also implemented tax concessions to encourage donations in the wake of tropical cyclone Evan. A number of options to support ongoing DRFI improvements in Fiji are presented for consideration: (a) the finance manual developed by the Ministry of Finance for post-disaster procedures should be finalized, and cabinet approval should be sought; (b) an overarching disaster risk financing and insurance strategy should be developed that includes options for risk transfer; and (c) assets should be identified in order to develop an insurance program for critical public assets.
- Published
- 2015
13. The Cook Islands : Disaster Risk Financing and Insurance
- Author
-
World Bank
- Subjects
INSURANCE LAW ,STORM ,COUNTRY RISK ,DEPOSIT ,TAX CREDITS ,NATURAL CATASTROPHES ,EXTREME EVENTS ,NON-LIFE INSURANCE ,PHYSICAL ASSETS ,RISK ASSESSMENT ,INCOME ,GOVERNMENT BORROWING ,EARTHQUAKES ,BUILDING CODE ,COMPETITIVENESS ,RETURNS ,COVERAGE ,DEBT SERVICE ,BONDS ,PUBLIC FINANCES ,NATIONAL EMERGENCY ,RECURRENT EXPENDITURE ,RISK FACTORS ,PUBLIC SPENDING ,REINSURANCE CONTRACTS ,CREDIT LINES ,DISASTER PREPAREDNESS ,DISASTER RISK REDUCTION ,WITHDRAWAL ,GOVERNMENT BUDGET ,FINANCIAL MARKETS ,INSURERS ,EXTERNAL CREDIT ,HOLDING ,BORROWING CAPACITY ,CAPTIVE INSURANCE ,SMALL BUSINESSES ,DAMAGE ASSESSMENT ,INCOME STREAM ,DEVASTATION ,INSURABLE RISKS ,SWAPS ,GRANT FUNDING ,SWAP ,UNDERWRITING ,DISBURSEMENT ,PREMIUMS ,LIQUIDITY ,RISK POOLING ,NATURAL HAZARDS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,DOMESTIC CREDIT ,LOAN REPAYMENT ,INCOME STREAMS ,FUNGIBLE ,INSURANCE SUPERVISORS ,FINANCIAL RISK ,INSURANCE PENETRATION ,INDEBTED COUNTRIES ,SOVEREIGN RISK ,FINANCING REQUIREMENTS ,CLIMATE CHANGE ,STORM SURGE ,DISBURSEMENTS ,DEBT OUTSTANDING ,RISK PREMIUMS ,PORTFOLIO ,NEGOTIATION ,EARTHQUAKE ,INSURER ,DERIVATIVES ,FOREIGN AFFAIRS ,TERRITORIAL WATERS ,INSURANCE MARKET ,CAPITAL MARKETS ,TROPICAL CYCLONES ,REGULATORY FRAMEWORK ,EXCHANGE RATE ,INSURED LOSSES ,INTERNATIONAL INSURANCE ,EQUIPMENT ,CURRENCY ,NATURAL DISASTERS ,CATASTROPHE BONDS ,EMERGENCY MANAGEMENT ,FINANCIAL RESILIENCE ,RISK INSURANCE ,DISASTER RELIEF ,LOAN ,PRIVATE CATASTROPHE INSURANCE ,BUSINESS INTERRUPTION INSURANCE ,NATURAL DISASTER ,RISK PROFILE ,DISASTER INSURANCE ,INVESTMENT CORPORATION ,PRUDENTIAL SUPERVISION ,CASH RESERVES ,INSURANCE AGENTS ,DEVELOPMENT BANK ,ISSUANCE ,FLOODS ,INSURANCE RATES ,INTERNATIONAL RELIEF ,FORMS OF CREDIT ,INDEMNITY ,INSURANCE BROKERS ,UNDERINSURANCE ,RISK TRANSFER ,RESERVE FUND ,TYPHOON ,CLIMATE ,EMERGENCY ASSISTANCE ,INSURANCE SCHEME ,INSURANCE REGULATION ,INSPECTIONS ,FINANCIAL INSTRUMENTS ,NATURAL CATASTROPHE ,INSURANCE BROKER ,VALUATION ,TAX ,INVENTORY ,DISASTER FINANCING ,GROSS DOMESTIC PRODUCT ,REINSURANCE ,FIRE ,INSURANCE COMPANIES ,ALLOCATION ,GOVERNMENT DEBT ,CONTINGENCY PLANNING ,TRUST FUND ,INSURANCE COMPANY ,PROGRAMS ,DISASTER MANAGEMENT ,DISASTER REDUCTION ,GOVERNMENT INSURANCE ,DEBT REPAYMENT ,INSURANCE COVERAGE ,FINANCIAL SECTOR ,INSTRUMENT ,BROKERS ,EMERGENCY RESPONSE ,TROPICAL CYCLONE ,REINSURANCE CONTRACT ,INDEMNITY INSURANCE ,LIFE INSURANCE PREMIUM ,GOVERNMENT BONDS ,REINSURERS ,RESERVES ,OPPORTUNITY COST ,PUBLIC ASSETS ,SETTLEMENT ,RISK MANAGEMENT ,REINSURANCE CAPACITY ,DISASTER RESPONSE ,SOLVENCY ,TOTAL COST ,STOCK EXCHANGES ,GOVERNMENT FINANCE ,REINSURANCE PREMIUMS ,RELIEF WORK ,APPLICATIONS ,CONVENTIONAL INSURANCE ,DEBT ,DISASTER EMERGENCY ,OFFSHORE MARKETS ,NATIONAL INVESTMENT ,LIFE INSURERS ,CATASTROPHE REINSURANCE ,RESERVE BANK ,FINANCIAL MANAGEMENT ,CREDIT ARRANGEMENTS ,DISASTER EMERGENCY RESPONSE ,RETURN ,CATASTROPHIC EVENTS ,DISASTER RECONSTRUCTION ,VALUATION DATE ,INSURANCE POLICY ,TAX INCENTIVES ,EARTHQUAKE INSURANCE ,INSURANCE PREMIUM ,MACROECONOMIC STABILIZATION ,WIND SPEED ,INSURANCE INDUSTRY ,SOLVENCY REQUIREMENTS ,PUBLIC FUNDS ,ACCOUNTING ,CAPITAL COSTS ,CASUALTIES ,VALUATIONS ,INTERNATIONAL DEVELOPMENT ,GENERAL INSURANCE ,ECONOMIC IMPACT ,RESERVE ,PRUDENTIAL REGULATION ,INSURANCE ,GOVERNMENT EXPENDITURE ,TROPICAL STORMS ,PROPERTY INSURANCE ,GOVERNMENT REVENUE ,EXPENDITURES ,TSUNAMI ,INTERNATIONAL BANK ,TRUSTEES ,PORTFOLIO MANAGEMENT ,PHYSICAL DAMAGE ,DEBT SERVICING ,DISASTER RISK FINANCING ,DISASTER RISKS ,MONETARY FUND ,DOMESTIC SOURCES ,INSURANCE PRODUCTS ,INSURANCE PILOT ,INSURANCE REGULATIONS ,ATTACHMENT POINT ,DISASTER ,FINANCIAL SUPPORT ,LACK OF COMPETITION ,SAVINGS ,TRUSTEE ,DISASTER RISK ,INSURANCE MARKETS ,INSURANCE CONTRACTS ,FINANCIAL RISK-SHARING MECHANISMS ,CYCLONE EVENTS ,EXPENDITURE - Abstract
This country note is produced is part of The Pacific Catastrophe Risk Assessment andFinancing Initiative (PCRAFI). The geographic spread of the Cook Islands poses logistical problems for any necessary post-disaster relief and response efforts. The events of 2005 demonstrated that the Cook Islands is extremely vulnerable to the threat of tropical cyclones (TCs): in the two months of February and March 2005, TCs Meena, Nancy, Olaf, Percy, and Rae swept the country. The Cook Islands is expected to incur, on average, about NZ$6 million (US$4.9 million) per year in losses due to tropical cyclones. In the next 50 years, the Cook Islands has a 50 percent chance of experiencing a per-event loss exceeding NZ$97 million (US$79.5 million. The Cook Islands has a proactive approach to disaster risk financing and insurance (DRFI), which is supported by the upper echelons of government. In January 2011, the prime minister in his role as chair of the National Disaster Risk Management Council requested that the Ministry of Finance and Economic Management look at ways to become self-reliant in initial disaster response and generate new income streams for investment in a fund specifically for disaster management response and recovery. The Cook Islands has available a maximum amount of NZ$5.6 million (US$4.6 million) in the form of contingency funds and catastrophe risk insurance to facilitate disaster response. A number of options for further improving the Cook Islands financial protection against disasters are presented for consideration: (a) the development of an integrated DRFI strategy; (b) investigation of using contingent credit to access additional liquidity post-disaster; (c) development of an operations manual for post-disaster budget mobilization and execution; and (d) the identification of assets to be included in an insurance program for critical public assets.
- Published
- 2015
14. Strategic Framework for the Financial Management of Disaster Risk : Panama
- Author
-
World Bank Group
- Subjects
DROUGHTS ,CLIMATE CHANGE ,CONSUMERS ,COINSURANCE ,LANDSLIDE ,RISK ANALYSIS ,REINSURANCE ,STORMS ,HURRICANE ,INSURANCE RISK ,CATASTROPHIC INSURANCE ,PROGRAMS ,DISASTER REDUCTION ,RISK ASSESSMENT ,EARTHQUAKE ,EMERGENCY PLAN ,DROUGHT ,REINSURANCE MARKETS ,EARTHQUAKES ,HEAVY RAINFALL ,COVERAGE ,BONDS ,FINANCIAL INSTITUTIONS ,HAILSTORMS ,NATIONAL EMERGENCY ,DISASTERS ,FOREST FIRES ,LANDSLIDES ,INSURANCE ,SOCIAL DEVELOPMENT ,DISASTER RISK REDUCTION ,NATURAL DISASTERS ,RISK MANAGEMENT ,RISK INSURANCE ,SOCIAL INCLUSION ,AGRICULTURAL INSURANCE ,SOLVENCY ,MITIGATION ,INFORMATION SYSTEMS ,RESIDUAL RISK ,TSUNAMI ,DISASTER SITUATIONS ,CREDIT FACILITIES ,RISK MANAGEMENT SYSTEM ,SUSTAINABILITY ,DISASTER RISKS ,RECONSTRUCTION ,TSUNAMIS ,EXISTING CONDITIONS ,INSURABLE RISKS ,MICROINSURANCE ,FLOODS ,INSURANCE PRODUCTS ,RISK TRANSFER ,CONTINGENT LIABILITIES ,RELIEF ,DISASTER ,NATURAL HAZARDS ,SAVINGS ,DISASTER RISK ,FINANCIAL INSTRUMENTS ,FINANCIAL RISK ,FINANCIAL MANAGEMENT - Abstract
Disasters associated with the impact of natural hazards have had adverse social and fiscal effects on Panama over time, and the Government of Panama (GoP) is therefore committed to strengthening the financial management of disaster risks. Actions taken by the GoP in financial management of disaster risk are consistent with law 34 of June 5, 2008, the law on social fiscal responsibility. This law aims to establish norms, principles, and methodologies for consolidating fiscal discipline in national financial management of the public sector, a necessary condition for continuous and sustainable economic growth. The strategic framework was developed with the support of regional and international entities. The document incorporates a number of important lessons learned from international experience: (i) include disaster risks as part of an integrated framework of fiscal risk management; (ii) ensure that governments have access to immediate funds following a disaster; (iii) consider the creation of a national disaster fund; and (iv) reduce the government's contingent liabilities against disasters associated with the impact of natural hazards by insuring critical public assets and promoting the private insurance market for catastrophic risks and agricultural insurance. The strategic framework has the following five strategic pillars: (i) identification, quantification, and understanding of fiscal risk due to disasters; (ii) incorporation of disaster risk analysis in the planning of public investment; (iii) formulation of components for developing and implementing risk retention and transfer instruments; (iv) development of the domestic insurance market; and (v) strengthening of the state directorate of investment, concessions, and risks (DICRE) so it can fulfill its role in designing and implementing financial protection strategies.
- Published
- 2015
15. Safe and Resilient Infrastructure in the Philippines : Applications of International Experience
- Author
-
World Bank Group
- Subjects
EMERGENCY PREPAREDNESS ,RIVERS ,DISASTER EVENT ,MOTION ,DRAINAGE ,EARTHQUAKE ENGINEERING ,EVACUATION ,STORM ,RISK ANALYSIS ,FIRE ,CONSTRUCTION COSTS ,HURRICANE ,QUALITY ASSURANCE ,DISASTER REDUCTION ,PUBLIC BUILDINGS ,RISK ASSESSMENT ,STRUCTURAL ENGINEERING ,WARNING SYSTEM ,SCHOOL BUILDINGS ,EMERGENCY RESPONSE ,TROPICAL CYCLONE ,DISTRIBUTION SYSTEMS ,EARTHQUAKES ,BUILDING CODE ,HEAVY RAINFALL ,ROCKS ,ELECTRIC POWER ,WALLS ,DISASTER RISK REDUCTION ,HOTELS ,SEDIMENTS ,PHYSICAL DAMAGES ,DISASTER RESPONSE ,ENGINEERS ,ENGINEERING DESIGN ,PIPES ,BRICK ,CONCRETE STRUCTURES ,CONCRETE ,QUALITY CONTROL ,BUILDING CODES ,FLOOD ,RECONSTRUCTION ,ERUPTION ,EMERGENCIES ,RESCUE ,EMERGENCY RELIEF ,ENGINES ,NATURAL HAZARDS ,FATALITY ,POWER SYSTEMS ,WINDOWS ,ENGINEERING TECHNOLOGY ,LAHAR ,WIND SPEEDS ,VOLCANOES ,STRUCTURES ,COMMERCIAL BUILDINGS ,ENGINEERING ,FLOODING ,LANDSLIDE ,STORMS ,CIVIL ENGINEERS ,FIRE STATIONS ,FAULT LINE ,WIND SPEED ,TYPHOONS ,NATURAL HAZARD ,BUILDING STRUCTURES ,EARTHQUAKE ,EMERGENCY HEALTH ,CASUALTIES ,EVACUATIONS ,TROPICAL CYCLONES ,FLOORS ,VOLCANO ,FATALITIES ,SAFETY ,LANDSLIDES ,INSURANCE ,APARTMENT BUILDINGS ,DEATH RATES ,NATURAL DISASTERS ,EMERGENCY MANAGEMENT ,EMERGENCY SHELTERS ,ROOFS ,ARCHITECTURAL DESIGN ,GOVERNMENT BUILDINGS ,POWER GENERATION ,TSUNAMI ,VOLCANIC ERUPTIONS ,MASONRY ,HOSPITAL BUILDINGS ,TROPICAL STORM ,DISASTER RISKS ,TSUNAMIS ,CONCRETE CONSTRUCTION ,DAMS ,FLOODS ,TOOLS ,STEEL ,DOCUMENTS ,CIVIL ENGINEERING ,WEATHER EVENTS ,JOINTS ,STRUCTURAL DESIGN ,TYPHOON ,DISASTER ,SOILS ,SAVINGS ,BUILT ENVIRONMENT ,DISASTER RISK ,ENGINEERING FIRMS ,PUBLIC WORKS ,CERAMIC ,INJURIES ,CONSTRUCTION MANAGEMENT - Abstract
The report presents the results of a detailed vulnerability assessment and summarizes the prioritization methodology developed to guide investment decisions on the strengthening of critical assets in Metropolitan Manila. With support from the World Bank, the engagement on Safe and Resilient Infrastructure has carried out a preliminary structural assessment of over seven hundred public school campuses and twenty hospitals retained by the Department of Health in Metro Manila. The report also highlights the lessons learned from seismic retrofitting programs implemented throughout the world, as showcased during the Forum on Safe and Resilient Infrastructure that took place in Manila, Philippines, in October 2013. This report is divided into three sections. First, it establishes the technical principles of earthquake risk management. Second, it details the experience of the Philippines to date in developing an integrated earthquake risk management program, focusing on the methodology and results of a vulnerability assessment and prioritization conducted under the Safe and Resilient Infrastructure Program. Last, it reviews international experience with earthquake risk management programs of various scales and scopes, through the cases of California, Romania, Turkey, and Indonesia. The key messages of the report are as follows: An integrated approach to earthquake risk management can strengthen key buildings and infrastructure and reduce the damaging effects of future disasters in the Philippines. Earthquake risk management and strengthening programs initiated by both the public and private sectors in many countries often consist of three phases: risk audit, risk assessment, and implementation. Several key technical components must be considered in the design of a phased earthquake risk management program, including a prioritization methodology.
- Published
- 2014
16. Initial Market Assessment : Country Scoping Note--Senegal
- Author
-
World Bank
- Subjects
INSURANCE LAW ,INFORMATION ,STORM ,ANNUAL COST ,RISK ANALYSIS ,ECONOMIC GROWTH ,REINSURANCE ,FIRE ,INSURANCE COMPANIES ,PROGRAMS ,INSURANCE COMPANY ,EXTREME EVENTS ,DISASTER REDUCTION ,NON-LIFE INSURANCE ,LOSS ,LAND MANAGEMENT ,RISK ASSESSMENT ,SUPPLY SIDE ,MICRO- INSURANCE ,LOSSES ,DAMAGE ,INCOME ,INVESTMENTS ,RISK REDUCTION ,EMERGENCY RESPONSE ,BROKERS ,EARTHQUAKES ,HEAVY RAINFALL ,FLOOD MANAGEMENT ,INCENTIVES ,COVERAGE ,REINSURERS ,CROP INSURANCE ,RESERVES ,BANK ,DISASTER PREPAREDNESS ,CASUALTY ,DISASTER RISK REDUCTION ,FARMERS ,RISK MANAGEMENT ,DISASTER RESPONSE ,MODELS ,INSURERS ,MITIGATION ,MARKETS ,FINANCE ,SUSTAINABILITY ,MOTOR INSURANCE ,FLOOD ,BUILDING CODES ,RATES ,WELFARE ,RISK TAKING ,RESCUE ,RELIEF ,RISKS ,NATURAL HAZARDS ,MARKET ,SUPPLY ,CLAIMS ,INSURANCE SUPERVISORS ,CATASTROPHE REINSURANCE ,SLUM ,INSURANCE PRODUCT ,VOLCANOES ,DROUGHTS ,CATASTROPHIC EVENTS ,DEMAND ,STORM SURGES ,CLIMATE CHANGE ,FLOODING ,EXTERNAL SHOCKS ,DISASTER PREVENTION ,CLIMATE VARIABILITY ,INSURANCE INDUSTRY ,REINSURER ,NATURAL HAZARD ,COMMISSIONS ,EMERGENCY PLAN ,DROUGHT ,VALUE ,RISK ,RELIEF ORGANIZATION ,FOOD SECURITY ,INSURANCE MARKET ,EMERGENCY ,POLICY ,EARNED PREMIUM ,SAFETY ,DISASTERS ,REGULATION ,INSURANCE ,INSURANCE SOLUTIONS ,INCOME HOUSEHOLDS ,PRICE ,CATASTROPHE INSURANCE ,NATURAL DISASTERS ,LIFE INSURANCE ,ACCIDENT ,RISK INSURANCE ,PROPERTY INSURANCE ,AGRICULTURAL INSURANCE ,DISASTER RELIEF ,EARLY WARNING SYSTEMS ,REGULATIONS ,EARLY WARNING ,MARKET DISTORTIONS ,NATURAL DISASTER ,CREDIT ,IMPORTS ,MORTALITY RISK ,BENEFITS ,DISASTER RISK FINANCING ,MONETARY FUND ,DISASTER RISKS ,DAMAGES ,INSURANCE MECHANISMS ,MICROINSURANCE ,CATASTROPHIC RISKS ,FLOODS ,FLOODED ,DISASTER MITIGATION ,INSURANCE PRODUCTS ,CIVIL DEFENSE ,INTEREST ,MICRO-INSURANCE ,RISK TRANSFER ,WARNING SYSTEMS ,INSURANCE REGULATIONS ,LAWS ,DISASTER ,FINANCIAL SUPPORT ,SAVINGS ,CLIMATE ,DISASTER RISK ,INSURANCE MARKETS ,LAW - Abstract
Senegal is implementing a Disaster Risk Management (DRM) framework and has established a public private agriculture insurance company. Rules, responsibilities and operational procedures need clarification, ideally guided by the findings of a fiscal disaster risk assessment. Insurance mechanisms are not considered in (sovereign) catastrophe risk transfer so far. Additional investment in and guidance with data market infrastructure would be necessary for sovereign DRM but would also benefit the spread of catastrophe property insurance for households, businesses and even low income populations who are beginning to see flood micro-insurance. With the public private agriculture insurance company, Senegal has a unique partner for rural outreach that could go beyond agriculture insurance. But the company would require technical support to achieve sustainability and find its role in the social protection framework. There is a unique window of opportunity for micro-insurance in Senegal as specific regulation is being implemented. This has generated momentum that can significantly grow the outreach of insurance but calls for technical and financial support. The most immediate opportunities for promising multi stakeholder interventions in Senegal are in agriculture insurance, where various initiatives have begun specifying the potential. Credit linked property micro-insurance against floods could be explored.
- Published
- 2013
17. Initial Market Assessment : Country Note--Vietnam
- Author
-
World Bank
- Subjects
INVESTMENT ,RESERVE FUNDS ,STORM ,DAMAGE ASSESSMENTS ,RISK ANALYSIS ,TREATIES ,BUDGET ,REINSURANCE ,FIRE ,INSURANCE COMPANIES ,CREDIT GUARANTEE ,LIFE INSURANCE POLICIES ,INSTITUTIONAL DEVELOPMENT ,UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT ,DISASTER REDUCTION ,DISASTER MANAGEMENT ,DISASTER RECOVERY ,DOMESTIC MARKET ,DAMAGE ,INVESTMENTS ,INSURANCE POLICIES ,RISK REDUCTION ,EMERGENCY RESPONSE ,CATASTROPHIC LOSSES ,EARTHQUAKES ,PRIVATE INSURANCE ,OPTIONS ,BONDS ,REINSURERS ,GUARANTEE ,BANK ,MEDICINES ,LOANS ,RELIEF ACTIVITIES ,DISASTER PREPAREDNESS ,TREATY ,PUBLIC ASSETS ,DISASTER RISK REDUCTION ,FARMERS ,RISK MANAGEMENT ,DISASTER RESPONSE ,EXCHANGES ,INSURERS ,CAPITAL INVESTMENT ,BORROWERS ,MARKETS ,INSTITUTIONAL CAPACITY ,FINANCE ,DAMAGE ASSESSMENT ,FLOOD ,RECONSTRUCTION ,DISPUTE RESOLUTION ,FIRES ,LIABILITIES ,SAFETY NET ,LEGISLATIVE FRAMEWORK ,LIQUIDITY ,RESCUE ,INSTRUMENTS ,EMERGENCY RELIEF ,CONTINGENT LIABILITIES ,RELIEF ,RISKS ,DISASTER EMERGENCY ,NATURAL HAZARDS ,MARKET ,WIND STORM ,PROPERTY ,TENTS ,INSURANCE PENETRATION ,FINANCIAL MANAGEMENT ,ECONOMIC DEVELOPMENT ,LOCAL MARKET ,CATASTROPHIC EVENTS ,CLIMATE CHANGE ,FLOODING ,DISASTER RECONSTRUCTION ,STORMS ,DISASTER PREVENTION ,CONTINGENT LIABILITY ,ACCIDENTS ,INSURANCE INDUSTRY ,FAMINE ,TYPHOONS ,NATURAL HAZARD ,RECOVERY OPERATIONS ,ACCOUNTING ,BUDGETS ,DROUGHT ,SECURITY ,RISK ,INSURER ,LOCAL GOVERNMENT ,INSURANCE MARKET ,FLOOD INSURANCE ,INTERNATIONAL DEVELOPMENT ,BLANKETS ,REPAYMENTS ,EMERGENCY ,LOCAL GOVERNMENTS ,RESERVE ,LIABILITY ,SAFETY ,EQUIPMENT ,DISASTERS ,LANDSLIDES ,FOREST FIRES ,INSURANCE ,REVENUE ,HOLDINGS ,EQUITY ,NATURAL DISASTERS ,TROPICAL STORMS ,CATASTROPHE BONDS ,DISASTER ASSISTANCE ,LIFE INSURANCE ,ACCIDENT ,AGRICULTURAL INSURANCE ,DISASTER RELIEF ,INTERNATIONAL MARKET ,EARLY WARNING ,LOAN ,NATURAL DISASTER ,EXPENDITURES ,DEVELOPING COUNTRIES ,DISASTER INSURANCE ,FUTURE ,DISASTER PRONE COUNTRIES ,MARKET SHARE ,PHYSICAL DAMAGE ,TSUNAMIS ,TECHNOLOGY ,DISASTER RISKS ,GOVERNMENT INVESTMENT ,DAMAGES ,DEVELOPMENT BANK ,MICROINSURANCE ,FLOODS ,MARKET INFRASTRUCTURE ,GROUPS OF BORROWERS ,INTEREST ,DOCUMENTS ,TYPHOON ,DISASTER ,LOAN REPAYMENTS ,DISASTER RISK ,CAPACITY BUILDING ,INSURANCE MARKETS ,PUBLIC INVESTMENT ,SHARE ,NATURAL CATASTROPHE ,EXPENDITURE ,TRANSACTION - Abstract
Responding appropriately to the country’s high exposure and vulnerability to natural disasters, and capitalizing on a well-functioning insurance industry, Vietnam has embraced insurance mechanisms in disaster risk management and agriculture more vigorously than most developing countries. But some initiatives like the disaster risk reduction (DRR) strategy’s mandate to implement disaster risk insurance are yet to be conceived, while others such as the agriculture insurance scheme have been launched but experienced unsustainable outcomes and need strengthening. Technical assistance to guide this process can have substantial impact, and could include the consolidation of available risk modeling and hazard maps and closing major gaps these may have. Appropriate insurance of public assets will further strengthen the property insurance sector and justify investment in risk models and underwriting expertise that will subsequently be available for businesses and households. A public private partnership pursuing flood insurance for the urban poor in collaboration with existing community-based Disaster Risk Management programs could capitalize on the nascent micro-insurance market and further strengthen inclusive insurance. Vietnam has strong appetite for agriculture and catastrophe property insurance, and the governance structure as well as insurance industry to secure the desired impact of investments. Better incorporating agriculture and catastrophe property insurance principles in social safety net programs could increase the protection of larger populations.
- Published
- 2013
18. The Global Facility for Disaster Reduction and Recovery : Global Program Review
- Author
-
Independent Evaluation Group
- Subjects
EMERGENCY PREPAREDNESS ,EARTHQUAKE RECONSTRUCTION ,MDB ,INFRASTRUCTURE ,RISK ANALYSIS ,BUDGET ,OVERHEAD COSTS ,DISASTER EVENTS ,HURRICANE ,PROJECTS ,UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT ,EXTREME EVENTS ,DISASTER REDUCTION ,DISASTER MANAGEMENT ,DEVELOPMENT ORGANIZATION ,DISASTER RECOVERY ,EMPLOYMENT ,TECHNICAL ASSISTANCE ,CRITERIA ,RISK ASSESSMENT ,FLOOD PROTECTION ,LAND USE ,WARNING SYSTEM ,LENDING ,SAFETY NETS ,DAMAGE ,EARLY WARNING SYSTEM ,RISK REDUCTION ,CRED ,EMERGENCY RESPONSE ,MUNICIPALITIES ,EARTHQUAKES ,URBANIZATION ,BUILDING CODE ,DISASTER_RISK ,GOVERNMENTS ,CASH CONTRIBUTIONS ,REGIONAL DEVELOPMENT BANKS ,RESOURCE MOBILIZATION ,AUDITING ,BANK ,RISK FACTORS ,NATIONAL EMERGENCY ,LOANS ,TECHNOLOGIES ,DISASTER PREPAREDNESS ,MUNICIPAL DEVELOPMENT ,RISK MANAGEMENT PROJECT ,FUNDS FLOW ,DISASTER RISK REDUCTION ,DEVELOPMENT BANKS ,RISK MANAGEMENT ,BANK MANAGEMENT ,STRATEGIES ,DISASTER RESPONSE ,RURAL COMMUNITY ,INSURERS ,INDUSTRY ,HUMAN RESOURCE MANAGEMENT ,MARKETS ,MULTILATERAL DEVELOPMENT BANKS ,DISASTER SITUATIONS ,FINANCE ,DMF ,ADMINISTRATIVE COSTS ,FISCAL YEAR ,RISK_REDUCTION ,FLOOD ,BUILDING CODES ,DISASTER MANAGEMENT FACILITY ,RELIEF OPERATIONS ,DEVASTATION ,HUMANITARIAN ASSISTANCE ,ENTERPRISES ,DONOR PLEDGES ,EMERGENCIES ,INFORMATION SYSTEM ,SERVICES ,EMERGENCY RELIEF ,RELIEF ,RISKS ,DISASTER EMERGENCY ,NATURAL HAZARDS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,NONGOVERNMENTAL ORGANIZATIONS ,PROPERTY ,FINANCIAL RISK ,FINANCIAL MANAGEMENT ,EMERGENCY PLANNING ,PUBLIC SAFETY ,FACTORING ,DEVOLUTION ,CLIMATE CHANGE ,FLOODING ,ALLIANCE ,DISASTER RECONSTRUCTION ,NONGOVERNMENTAL ORGANIZATION ,STORMS ,DISASTER_RISK_REDUCTION ,DISASTER PREVENTION ,DECLARATION ,DONOR COORDINATION ,NATURAL HAZARD ,MINISTRIES OF FINANCE ,EPIDEMIOLOGY ,NATURAL DISASTER REDUCTION ,EARTHQUAKE ,ACCOUNTING ,DROUGHT ,VALUE ,RISK ,DISASTER PRONE AREAS ,DISASTER MONITORING ,RATING AGENCIES ,FOREIGN AFFAIRS ,ACCESS TO INFORMATION ,LOCAL GOVERNMENT ,CAPITAL MARKETS ,GOVERNANCE ,PRINCIPAL ,EMERGENCY ,REGULATORY FRAMEWORK ,ACCOUNTING SYSTEMS ,CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY ,LOCAL GOVERNMENTS ,FINANCIAL INSTITUTIONS ,SAFETY ,DEVELOPMENT NETWORK ,DISASTERS ,LANDSLIDES ,INSURANCE ,REVENUE ,NATURAL DISASTERS ,EMERGENCY MANAGEMENT ,DISASTER ASSISTANCE ,BANKS ,GRANTS ,LAND ,AGRICULTURAL INSURANCE ,DISASTER RELIEF ,EARLY WARNING SYSTEMS ,PUBLIC POLICY ,EMERGENCY SERVICES ,EARLY WARNING ,TUBERCULOSIS ,NATURAL DISASTER ,CREDIT ,TSUNAMI ,EFFECTIVE GOVERNANCE ,FLOOD DAMAGE ,DONOR PLEDGE ,FORECASTING ,TSUNAMIS ,TECHNOLOGY ,DISASTER RISKS ,DAMAGES ,LABOR ,FLOODS ,HOUSING ,ECONOMICS ,DISASTER MITIGATION ,CIVIL DEFENSE ,INTEREST ,WARNING SYSTEMS ,WATER SUPPLY ,TRANSPORT ,LAWS ,DISASTER ,DISASTER RISK ,FLOOD FORECASTING ,FACE VALUE ,ENVIRONMENTAL POLICIES ,TRUST FUNDS ,URBAN DEVELOPMENT ,ACCOUNTABILITY ,ISLAMIC DEVELOPMENT BANK - Abstract
GFDRR was established in September 2006 as a global partnership of the World Bank, UN agencies and bilateral donors, located in World Bank headquarters in Washington, DC. Its missions are (a) to mainstream disaster reduction and climate change adaptation (CCA) in country development strategies, and (b) to foster and strengthen global and regional cooperation among various stakeholders under the International Strategy for Disaster Reduction (ISDR) system. GFDRR supports the implementation of the UN 2005-2015 Hyogo Framework for Action (HFA). This international agreement in relation to disaster risk reduction (DRR) arose from a 168-nation UN conference held in Kyoto, Japan, in 2005. The key player for coordinating the implementation of HFA is the UNISDR bureau with headquarters in Geneva and eight regional offices worldwide. Another UN agency with operational responsibility for UN disaster related work is the UNDP-BCPR. These two UN agencies and GFDRR have complementary goals, creating potential for collaboration among the three organizations, but also calling for care in monitoring the risk of overlapping work among them and other DRR actors. UNISDR was a founding partner of GFDRR and UNDP-BCPR became a permanent observer to GFDRR in 2008.
- Published
- 2012
19. Fiscal Risk Assessment of Contingent Liabilities Associated with Natural Disasters : The Colombian Experience
- Author
-
World Bank
- Subjects
DISASTER EVENT ,INFORMATION ,VALUATION ,TAX ,NATIONAL TREASURY ,INVENTORY ,GROUP INSURANCE ,BUDGET ,GROSS DOMESTIC PRODUCT ,REINSURANCE ,DISASTER REDUCTION ,FISCAL DEFICIT ,LOSS ,RISK ASSESSMENT ,LOSSES ,DAMAGE ,INSURANCE POLICIES ,RISK REDUCTION ,EARTHQUAKES ,STOCK ,FISCAL BURDEN ,DEBT SERVICE ,RESERVES ,BANK ,RISK FACTORS ,GOODS ,PUBLIC ASSETS ,DISASTER RISK REDUCTION ,SANCTIONS ,RISK MANAGEMENT ,MITIGATION ,MARKETS ,FINANCE ,RECONSTRUCTION ,RISK MITIGATION ,ERUPTION ,LIABILITIES ,VOLCANIC ERUPTION ,INFORMATION SYSTEM ,LIQUIDITY ,DEBT ,CONTINGENT LIABILITIES ,RISK POOLING ,RISKS ,GUARANTEES ,CREDIT LINE ,NATURAL HAZARDS ,PROPERTY ,ECONOMIC DEVELOPMENT ,RETURN ,PROBABILITY OF DEFAULT ,LANDSLIDE ,INSURANCE POLICY ,DISASTER PREVENTION ,FISCAL DISCIPLINE ,CONTINGENT LIABILITY ,EARTHQUAKE ,EXCHANGE ,ACCOUNTING ,BUDGETS ,IMPACT EVENTS ,RISK ,EMERGENCY ,RISK EVALUATION ,VOLCANO ,LOCAL GOVERNMENTS ,FISCAL POLICY ,PUBLIC ASSET ,LIABILITY ,EXCHANGE RATE ,DISASTERS ,LANDSLIDES ,INSURANCE ,ECONOMIC POLICIES ,NATURAL DISASTERS ,DISASTER ASSISTANCE ,BANKS ,TREASURY ,LEGAL REFORMS ,RISK INSURANCE ,CREDIT GUARANTEES ,DEFAULT ,NATURAL DISASTER ,CREDIT ,TSUNAMI ,PUBLIC FINANCE ,FUTURE ,PHYSICAL DAMAGE ,TSUNAMIS ,DISASTER RISKS ,DAMAGES ,DEVELOPMENT BANK ,CATASTROPHIC RISKS ,FLOODS ,INTEREST ,RISK TRANSFER ,DOCUMENTS ,LEGAL FRAMEWORK ,BUDGETING ,DISASTER ,EMERGENCY NEEDS ,INFRASTRUCTURE DEVELOPMENT ,REVENUES ,DISASTER RISK ,INSURANCE MARKETS ,DEFICIT ,TAX SYSTEM - Abstract
The report titled ‘contingent liabilities: the Colombian experience,’ is the first publication on the management of contingent liabilities in Colombia. Published by the Ministry of Finance and Public Credit (MHCP), the report highlights technical and normative efforts and policy reforms on the management of contingent liabilities implemented by the Colombian Government. Policy reforms disclosed in the report pertain to the management of contingent liabilities borne by the Government from four different sources, namely public credit operations, contractual public-private partnerships on infrastructure development, legal actions against the Colombian Government, and contingencies resulting from natural disasters. Importantly, although natural disasters are the second most important source of contingent liabilities faced by the Colombian Government, most formal policy reforms have been directed to the institutionalization of managing the first three sources of contingencies, while legal reforms for the explicit accounting of natural disasters is an ongoing effort in Colombia.
- Published
- 2012
20. FONDEN : Mexico's Natural Disaster Fund--A Review
- Author
-
World Bank
- Subjects
DISASTER EVENT ,REVOLVING FUND ,PREVENTIVE ACTIONS ,STORM ,DAMAGE ASSESSMENTS ,INVENTORY ,RISK ANALYSIS ,REINSURANCE ,FIRE ,DISASTER EVENTS ,HURRICANE ,DEPOSIT ,TRUST FUND ,EXTREME EVENTS ,DISASTER MANAGEMENT ,DISASTER REDUCTION ,EXTREME WEATHER ,RISK ASSESSMENT ,INFORMATION TECHNOLOGY ,INSTRUMENT ,MANDATES ,RISK REDUCTION ,PUBLIC BUDGET ,EMERGENCY RESPONSE ,RESOURCE ALLOCATION ,CATASTROPHIC LOSSES ,MUNICIPALITIES ,TRANSFER RISKS ,EARTHQUAKES ,HEAVY RAINFALL ,DISASTER-PRONE COUNTRIES ,INTERNATIONAL CAPITAL MARKET ,PENSION ,BONDS ,RESERVES ,TEMPORARY SHELTER ,TREATY ,DISASTER RISK REDUCTION ,PUBLIC ASSETS ,RISK MANAGEMENT ,FEDERAL BUDGET ,TRANSPARENCY ,DISASTER RESPONSE ,PENSIONS ,SEARCH AND RESCUE ,DECLARATIONS ,PUBLIC SERVICES ,RISK MANAGEMENT SYSTEM ,ACCESS TO FINANCING ,FINANCIAL INSTRUMENT ,FOREST FIRE ,LINE OF CREDIT ,FINANCIAL STATEMENTS ,DAMAGE ASSESSMENT ,NATURAL PHENOMENON ,FLOOD ,RECONSTRUCTION ,HUMANITARIAN ASSISTANCE ,CIVIL SERVICE ,VOLCANIC ERUPTION ,MEDICINE ,PUBLIC EXPENDITURES ,INFORMATION SYSTEM ,BUDGET SURPLUS ,DISBURSEMENT ,MEDICAL SUPPLIES ,EMERGENCY RELIEF ,DEBT ,DISASTER EMERGENCY ,NATURAL HAZARDS ,DISASTER REHABILITATION ,VICTIMS ,ASSET BASE ,CAPITAL EXPENDITURES ,FINANCIAL RISK ,ECONOMIC DEVELOPMENT ,FINANCIAL MANAGEMENT ,DISASTER PROGRAM ,LOCAL INFRASTRUCTURE ,RETURN ,DROUGHTS ,VOLCANOES ,CLIMATE CHANGE ,FLOODING ,LANDSLIDE ,DISASTER RECONSTRUCTION ,DISBURSEMENTS ,STORMS ,DISASTER PREVENTION ,CONTINGENT LIABILITY ,DECLARATION ,RESOURCE ALLOCATIONS ,HURRICANES ,NATURAL HAZARD ,PORTFOLIO ,EARTHQUAKE ,REHABILITATION NEEDS ,DROUGHT ,FIDUCIARY RESPONSIBILITY ,EMERGENCY SITUATION ,LOCAL GOVERNMENT ,BLANKETS ,CAPITAL MARKETS ,SEARCH AND RESCUE EQUIPMENT ,TROPICAL CYCLONES ,DEBRIS REMOVAL ,LOCAL GOVERNMENTS ,GOVERNMENT FINANCES ,FINANCIAL INSTITUTIONS ,FATALITIES ,FOREST FIRES ,LANDSLIDES ,DISASTER ACTIVITIES ,INSURANCE ,NATURAL DISASTERS ,CATASTROPHE BONDS ,TREASURY ,DISASTER RELIEF ,IMPACT OF DISASTERS ,GOVERNMENT ASSETS ,NATURAL DISASTER ,RISK PROFILE ,EXPENDITURES ,TSUNAMI ,MATURITY ,INTERNATIONAL BANK ,LEGAL AGREEMENTS ,TORNADO ,TROPICAL STORM ,DISASTER RISKS ,TSUNAMIS ,DAMAGES ,DEVELOPMENT BANK ,ISSUANCE ,SUBSIDIARY ,CAPITAL STOCKS ,FLOODS ,CATASTROPHE BOND ,HOUSING ,INDEMNITY ,DOCUMENTS ,GOVERNMENT INVESTMENTS ,NATURAL RESOURCES ,FINANCIAL SUPPORT ,FINANCIAL CAPITAL ,TRUSTEE ,DISASTER RISK ,CAPACITY BUILDING ,EMERGENCY ASSISTANCE ,FINANCIAL FLOWS ,ACCOUNTABILITY ,AVALANCHE ,FINANCIAL INSTRUMENTS ,EXPENDITURE ,INTERNATIONAL CAPITAL - Abstract
FONDEN (Natural Disasters Fund), Mexico's fund for natural disasters, was established in the late 1990s as a mechanism to support the rapid rehabilitation of federal and state infrastructure affected by adverse natural events. FONDEN was first created as a budget line in the Federal expenditure budget of 1996, and became operational in 1999. Funds from FONDEN could be used for the rehabilitation and reconstruction of: 1) public infrastructure at the three levels of government (federal, state, and municipal); 2) low-income housing; and 3) certain components of the natural environment. FONDEN consists of two complementary budget accounts, the FONDEN program for reconstruction and FOPREDEN program for prevention, and their respective financial accounts. The FONDEN program for reconstruction is FONDEN's primary budget account. It channels resources from the federal expenditure budget to specific reconstruction programs. The FOPREDEN program for prevention supports disaster prevention by funding activities related to risk assessment, risk reduction, and capacity building on disaster prevention. The FONDEN system is continuously evolving to integrate lessons learned over the course of years of experience.
- Published
- 2012
21. The Sendai Report : Managing Disaster Risks for a Resilient Future
- Author
-
World Bank
- Subjects
URBAN SERVICES ,EARTHQUAKE RECONSTRUCTION ,EVACUATION ,STORM ,INVENTORY ,RISK ANALYSIS ,EARLY WARNINGS ,REINSURANCE ,DISASTER EVENTS ,HURRICANE ,OPERATIONAL RISK ,CONTINGENCY PLANNING ,INFLATION ,PROGRAMS ,EMERGENCY SITUATIONS ,EXTREME EVENTS ,FOOD SHORTAGES ,DISASTER MANAGEMENT ,DISASTER REDUCTION ,DISASTER RECOVERY ,EXTREME WEATHER ,TECHNICAL ASSISTANCE ,RISK ASSESSMENT ,FLOOD PROTECTION ,LAND USE ,SAFETY NETS ,MANDATES ,RISK REDUCTION ,REINSURANCE MARKETS ,EMERGENCY RESPONSE ,MUNICIPALITIES ,EARTHQUAKES ,URBANIZATION ,DISASTER-PRONE COUNTRIES ,FLOOD MANAGEMENT ,CROP INSURANCE ,METEOROLOGICAL ORGANIZATION ,NATIONAL EMERGENCY ,RISK FACTORS ,DISASTER PREPAREDNESS ,MUNICIPAL DEVELOPMENT ,CASUALTY ,DISASTER RISK REDUCTION ,RISK MANAGEMENT ,EMERGING MARKETS ,DECISIONMAKING ,IMPACT OF DISASTER ,IMPACT EVENT ,EMERGENCY RECOVERY ,CATASTROPHES ,PUBLIC SERVICES ,SUSTAINABILITY ,FOREST FIRE ,BUILDING CODES ,FLOOD ,RISK MITIGATION ,ERUPTION ,HUMANITARIAN ASSISTANCE ,EMERGENCIES ,APPLICATIONS ,RESCUE ,PUBLIC DEBT ,CONTINGENT LIABILITIES ,NATURAL HAZARDS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,NEGOTIATIONS ,NONGOVERNMENTAL ORGANIZATIONS ,FIDUCIARY ,EMERGENCY PLANNING ,DROUGHTS ,RISK ANALYSES ,CLIMATE CHANGE ,FLOODING ,DISASTER RECONSTRUCTION ,STORMS ,DISASTER PREVENTION ,RISK ASSESSMENTS ,CONTINGENT LIABILITY ,DECLARATION ,RESOURCE ALLOCATIONS ,PORTFOLIO ANALYSIS ,MINISTRIES OF FINANCE ,NATURAL HAZARD ,INSURANCE POOLS ,EARTHQUAKE ,DROUGHT ,DAMAGED HOUSES ,DISASTER AID ,DISASTER PRONE AREAS ,ACCESS TO INFORMATION ,FOOD SECURITY ,INSURANCE CLAIMS ,TROPICAL CYCLONES ,VOLCANO ,LOCAL GOVERNMENTS ,FISCAL POLICY ,FINANCIAL INSTITUTIONS ,INSURED LOSSES ,FATALITIES ,SAFETY ,DEVELOPMENT NETWORK ,DISASTERS ,LANDSLIDES ,INSURANCE ,NATURAL DISASTERS ,RURAL COMMUNITIES ,TROPICAL STORMS ,EMERGENCY MANAGEMENT ,INFORMED DECISIONS ,BANKS ,RISK INSURANCE ,AGRICULTURAL INSURANCE ,CAUSES OF DISASTERS ,DISASTER RELIEF ,IMPACT OF DISASTERS ,MIGRATION ,EARLY WARNING SYSTEMS ,EARLY WARNING ,NATURAL DISASTER ,RISK PROFILES ,TSUNAMI ,PUBLIC FINANCE ,LEGISLATION ,DISASTER PRONE COUNTRIES ,MICROFINANCE ,TROPICAL STORM ,DISASTER RISKS ,TSUNAMIS ,DAMAGES ,AGENTS ,INCOME GROUPS ,POLICY FRAMEWORKS ,FLOODS ,HOUSING ,INSURANCE PRODUCTS ,RISK TRANSFER ,WATER SUPPLY ,TRANSPORT ,TYPHOON ,DISASTER ,LAWS ,SAVINGS ,ADB ,DISASTER RISK ,LAND DEVELOPMENT ,EMERGENCY ASSISTANCE ,INSURANCE MARKETS ,ENVIRONMENTAL POLICIES ,URBAN DEVELOPMENT ,ACCOUNTABILITY - Abstract
This report argues that the practice of disaster risk management (DRM) is a defining characteristic of resilient societies, and should therefore be integrated, or 'mainstreamed', into all aspects of development. The report will inform the Development Committee at the annual meetings 2012, and support discussion at the Sendai dialogue, a special event co-organized by the Government of Japan and the World Bank as part of the Annual Meetings program. This event will engage delegates on the importance of mainstreaming DRM, drawing upon the lessons from the great East Japan earthquake and tsunami of 2011, and other disasters. This paper includes the following headings: disasters and development: an alarming trend; disaster risk management in action; national policies and planning; International Development Cooperation; disaster risk management at the World Bank; the way forward: priorities and opportunities; and glossary and references.
- Published
- 2012
22. The Cost of Adapting to Extreme Weather Events in a Changing Climate
- Author
-
World Bank
- Subjects
GENERAL CIRCULATION MODEL ,SURFACE DATA ,EVACUATION ,CLIMATE RISKS ,CYCLONE TRACKS ,SEA-LEVEL RISE ,LAND SURFACE ,UNCERTAINTIES ,CLIMATE CHANGE PROGRAM ,DISASTER MANAGEMENT ,DISASTER RECOVERY ,EXTREME WEATHER ,RISKS FROM CLIMATE CHANGE ,REGIONAL CLIMATE MODEL ,CYCLONE ACTIVITY ,WIND STRESS ,FLOOD PROTECTION ,HEAT WAVE ,RAINFALL ,EARLY WARNING SYSTEM ,INCOME ,CLIMATE CHANGE FUND ,CLIMATE-CHANGE ,TIDAL WAVES ,CLIMATE CHANGE RISK ,EMISSIONS SCENARIO ,EVAPOTRANSPIRATION ,INFRASTRUCTURE INVESTMENT ,TROPICAL CYCLONE ,HEAVY RAINFALL ,FUTURE CLIMATE CHANGE ,CLIMATE RISK SCREENING ,SEVERE WEATHER EVENTS ,CLIMATE- CHANGE SCENARIOS ,SURFACE RUNOFF ,METEOROLOGICAL ORGANIZATION ,SEA-SURFACE TEMPERATURE ,PALEOCLIMATE ,MANGROVE FOREST ,DISASTER PREPAREDNESS ,CLIMATE HAZARDS ,SEA-LEVEL ,EXTREME WEATHER EVENTS ,FARMERS ,SUPER CYCLONES ,REGIONAL CLIMATE ,ANNUAL GROWTH RATE ,SCIENTIFIC CONSENSUS ,INFORMATION ON CLIMATE ,CLIMATE-PROOF ,INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE ,CLIMATE RISK ,TOTAL COST ,COLORS ,INTENSITY OF CYCLONES ,CLIMATE RESEARCH ,CYCLONIC STORM ,GLOBAL CLIMATE-CHANGE ,SUPER CYCLONIC STORM ,BUILDING CODES ,FLOOD ,GLOBAL WARMING ,CLIMATE-CHANGE SCENARIO ,CYCLONIC STORMS ,DEVASTATION ,RELIEF OPERATIONS ,EROSION CONTROL ,INFORMATION SYSTEM ,RAIN ,CYCLONES ,GLOBAL CLIMATE ,COST ESTIMATES ,CLIMATE CHANGE STRATEGY ,MONSOON ,CLIMATIC VARIABILITY ,NATURAL HAZARDS ,NEGOTIATIONS ,CLIMATE CHANGE INVESTMENT ,SURFACE TEMPERATURE ,HYDROLOGICAL DATA ,IMPACT OF CLIMATE ,DROUGHTS ,SEVERE WEATHER ,PROBABILITY OF OCCURRENCE ,WIND VELOCITY ,CLIMATE CHANGE ,STORM SURGE ,STORM SURGES ,FLOODING ,SEASON ,STORMS ,COST BENEFIT ANALYSIS ,RAINWATER ,WIND SPEED ,CLIMATE VARIABILITY ,CLIMATE EXTREMES ,TEMPERATURE ,CASUALTIES ,IMPACT OF CLIMATE CHANGE ,IPCC ,IRON ,FOOD SECURITY ,HYDROLOGICAL SCIENCES ,INCREASE IN WIND SPEED ,FOREST ,FLOOD CONTROL ,CLIMATE HAZARD ,FATALITIES ,PRECIPITATION ,ECONOMICS OF ADAPTATION TO CLIMATE CHANGE ,TEMPERATURE RISE ,TOTAL DAMAGES ,CLIMATE- CHANGE ,NATURAL DISASTERS ,TROPICAL STORMS ,EMERGENCY SHELTERS ,TROPICAL DEPRESSIONS ,BANKS ,CLIMATE CHANGE IMPACTS ,DISASTER RELIEF ,CLIMATE-CHANGE SCENARIOS ,EARLY WARNING ,IMPORTS ,CLIMATE PROOFING ,FLOOD DAMAGE ,SCIENTIFIC EVIDENCE ,RAINY SEASON ,CLIMATE CHANGE SCENARIO ,BASES ,TROPICS ,DISASTER RISKS ,DAMAGES ,SURGE HEIGHT ,ATMOSPHERIC PRESSURE ,CLIMATE-RELATED RISKS ,FLOODED ,WIND ,CAPITAL COST ,INFORMATION ON CLIMATE CHANGE ,DISASTER ,FINANCIAL SUPPORT ,CLIMATE ,FLOOD FORECASTING ,AFFORESTATION ,EMISSION ,RISK EXPOSURE - Abstract
Bangladesh is one of the most climate vulnerable countries in the world. Situated in the delta of the Ganges, Brahmaputra, and Meghna (GBM) rivers, the country is exposed to a range of river and rainwater flood hazards due to climate variability, the timing, location, and extent of which depend on precipitation in the entire GBM basin. The Government of Bangladesh is fully committed to global climate-change advocacy and action, having already invested heavily in adaptation measures and policies. In recent decades, the government has invested more than US$10 billion to protect its population and assets in the floodplains. Given the uncertain magnitude and timing of the added risks from climate change, it is essential to identify the costs of climate proofing Bangladesh's critical infrastructure from intensified monsoon floods and cyclonic storm surges. Previously, few if any detailed studies have been developed on the costs of climate-proofing the country's infrastructure assets from inland monsoon floods and cyclones. Most analytical work to date has been confined to case studies, with relatively limited sets of locations, impacts, and adaptation measures. This study aims to fill that knowledge gap by providing detailed vulnerable population estimates and estimates of the incremental costs of asset adaptation out to the year 2050. It is part of a larger World Bank-supported study, entitled Economics of Adaptation to Climate Change (EACC), funded by the governments of the United Kingdom, the Netherlands, and Switzerland.
- Published
- 2011
23. Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration
- Author
-
World Bank
- Subjects
DISASTER EVENT ,EVACUATION ,STORM ,RISK ANALYSIS ,REINSURANCE ,FIRE ,INSURANCE COMPANIES ,DISASTER EVENTS ,HURRICANE ,INSURANCE COMPANY ,CONTINGENCY PLAN ,EXTREME EVENTS ,DISASTER REDUCTION ,DISASTER MANAGEMENT ,DISASTER RECOVERY ,RISK ASSESSMENT ,EL NINO ,WARNING SYSTEM ,DAMAGE ,EARLY WARNING SYSTEM ,TERRORISM ,RISK REDUCTION ,CRED ,EMERGENCY RESPONSE ,TROPICAL CYCLONE ,EARTHQUAKES ,BUILDING CODE ,PRIVATE INSURANCE ,TORNADOS ,REINSURERS ,BANK ,INSURANCE CONTRACT ,RELIEF ACTIVITIES ,DISASTER PREPAREDNESS ,DISASTER RISK REDUCTION ,DISASTER RESPONSE ,RELIEF SUPPLIES ,INSURERS ,EMERGENCY RECOVERY ,INFORMATION SYSTEMS ,DAMAGE ASSESSMENT ,FLOOD ,SOUTHERN OSCILLATION ,RELIEF OPERATIONS ,DEVASTATION ,ERUPTION ,FIRES ,DONOR PLEDGES ,EMERGENCIES ,VOLCANIC ERUPTION ,RELIEF EFFORTS ,RESCUE ,EXTREME NATURAL DISASTER ,EMERGENCY RELIEF ,RELIEF ,RISKS ,DISASTER EMERGENCY ,NATURAL HAZARDS ,DISASTER REHABILITATION ,VICTIMS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,RELIEF OPERATION ,SAVING ,VULNERABILITY TO DISASTERS ,FINANCIAL RISK ,ATLANTIC HURRICANE ,EXPLOSIONS ,WIND SPEEDS ,DISASTER EMERGENCY RESPONSE ,DROUGHTS ,CATASTROPHIC EVENTS ,SMOKE ,CLIMATE CHANGE ,EXTREME EVENT ,FLOODING ,LANDSLIDE ,DISASTER RECONSTRUCTION ,STORMS ,DISASTER PREVENTION ,DECLARATION ,WIND SPEED ,INSURANCE PREMIUM ,EMERGENCY RECOVERY LOANS ,INSURANCE INDUSTRY ,REINSURER ,HURRICANES ,RECOVERY OPERATIONS ,EARTHQUAKE ,DROUGHT ,COMMERCIAL BANK ,RISK ,DAMAGED HOUSES ,INSURER ,EMERGENCY SHELTER ,CATASTROPHIC EVENT ,HAIL STORM ,TROPICAL CYCLONES ,EMERGENCY ,VOLCANO ,SAFETY ,DISASTERS ,LANDSLIDES ,FOREST FIRES ,DISASTER ACTIVITIES ,INSURANCE ,ENSO ,NATURAL DISASTERS ,TROPICAL STORMS ,EMERGENCY SHELTERS ,EMERGENCY MANAGEMENT ,DISASTER ASSISTANCE ,ACCIDENT ,BANKS ,AGRICULTURAL INSURANCE ,DISASTER RELIEF ,IMPACT OF DISASTERS ,EARLY WARNING SYSTEMS ,PRIVATE REINSURANCE ,EMERGENCY SERVICES ,EARLY WARNING ,NATURAL DISASTER ,TSUNAMI ,VOLCANIC ERUPTIONS ,DISASTER INSURANCE ,PHYSICAL DAMAGE ,TORNADO ,TSUNAMIS ,TECHNOLOGY ,DISASTER RISKS ,DAMAGES ,FLOODS ,FLOODED ,DISASTER MITIGATION ,INDEMNITY ,WARNING SYSTEMS ,EMERGENCY OPERATIONS ,DISPLACED PERSONS ,DISASTER ,SAVINGS ,EMERGENCY NEEDS ,DISASTER RISK ,INSURANCE PREMIUMS ,EMERGENCY RESPONSE ACTIVITIES ,EMERGENCY ASSISTANCE ,ERUPTIONS ,INSURANCE CONTRACTS ,SLUMS ,RISK EXPOSURE - Abstract
This study presents options for a national disaster risk financing strategy in Indonesia, drawing heavily on international experience. The study discusses a series of complementary options for a national disaster risk financing strategy, based on a preliminary fiscal risk analysis and a review of the current budget management of natural disasters in Indonesia. It benefits from the international experience of the World Bank, which has assisted several countries in the design and implementation of sovereign catastrophe risk financing strategies. The rehabilitation and reconstruction fund is the main budget instrument for the Government of Indonesia (GoI) to finance public post-disaster expenditures, but it is under-capitalized. This study presents an optimal combination of risk-retention and risk transfer instruments that could help the GoI increase its immediate financial response capacity against natural disasters and better protect its fiscal balance. Building on the three-tier risk layering approach promoted by the World Bank and the preliminary fiscal risk assessment analysis, the following financial strategy could be considered by the GoI. This strategy would provide the GoI with access to immediate liquidity in the aftermath of a disaster at a competitive cost. The strategy would allow the GoI to access up to US$1.8 billion liquidity in the aftermath of a disaster in order to finance immediate post-disaster expenditures, such as grants for livelihood and low income housing reconstruction. Preliminary disaster fiscal risk assessment analysis shows that this would protect the GoI against disasters occurring every 100 years. The implementation of a national disaster risk financing strategy would require significant institutional capacity building.
- Published
- 2011
24. Calculating Multi-hazard City Risk
- Author
-
World Bank
- Subjects
WIND SPEEDS ,SLUM ,THUNDERSTORMS ,VOLCANOES ,CLIMATE CHANGE ,CLIMATE CHANGES ,CATASTROPHE LOSS ,STORM ,FLOODING ,INVENTORY ,LANDSLIDE ,RISK ANALYSIS ,ECONOMIC GROWTH ,TORNADOES ,DISASTER PREVENTION ,HURRICANE ,WIND SPEED ,PROGRAMS ,INSURANCE INDUSTRY ,DISASTER REDUCTION ,DRIVERS ,INTERNATIONAL AGENCIES ,TYPHOONS ,EXTREME WEATHER ,NATURAL HAZARD ,EMPLOYMENT ,TECHNICAL ASSISTANCE ,RISK ASSESSMENT ,EARTHQUAKE ,HEAT WAVE ,LAND USE ,DROUGHT ,DISMISSAL ,INCOME ,RISK REDUCTION ,URBAN ECONOMY ,CRED ,LOCAL GOVERNMENT ,OUTPUTS ,RESOURCE ALLOCATION ,TROPICAL CYCLONE ,MUNICIPALITIES ,EARTHQUAKES ,HAZARD ,RISK EVALUATION ,COVERAGE ,CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY ,INTEGRITY ,LOCAL GOVERNMENTS ,TORNADOS ,RISK FACTORS ,LANDSLIDES ,INSURANCE ,SOCIAL SERVICES ,DISASTER PREPAREDNESS ,DISASTER RISK REDUCTION ,NATURAL DISASTERS ,SECTORAL ANALYSIS ,RISK MANAGEMENT ,DISASTER ASSISTANCE ,DISASTER RELIEF ,CAPITAL INVESTMENT ,INSURERS ,HAZARDS ,DEVELOPMENT ECONOMICS ,INNOVATIONS ,NATURAL DISASTER ,INFORMATION SYSTEMS ,VOLCANIC ERUPTIONS ,NATURAL PHENOMENON ,BUILDING CODES ,COLLECTIVE ACTION ,DISASTER RISKS ,FLOOD ,TSUNAMIS ,DAMAGES ,AGENTS ,DEVELOPMENT STRATEGIES ,FIRES ,FLOODS ,INCREMENTAL COSTS ,APPLICATIONS ,HOUSING ,DISASTER MITIGATION ,INFORMATION SYSTEM ,MORTALITY ,RISK MANAGEMENT CONSULTANTS ,WATER SUPPLY ,URBAN GROWTH ,TRANSPORT ,TYPHOON ,DISASTER ,SOCIAL CAPITAL ,NATURAL HAZARDS ,ADVERSE EFFECTS ,DISASTER RISK ,URBAN DEVELOPMENT - Abstract
Nearly half of East Asia population lives in cities and the region is urbanizing so rapidly that built up areas are projected to increase faster here than in any other region in the next twenty years. Still, more than half of slum dwellers around the world live in East Asia. These are the people most vulnerable to disaster impacts. Given that Asia accounted for more than a third of the number of all reported disasters in 2010, and that natural disasters have quadrupled in the region during the past twenty years the fastest rate of increase of any region in the world managing urban growth for resilience is increasingly important. And yet, many cities do not have master plans to guide their projected growth, let alone tools for risk sensitive land use planning. The impetus for action will come from accessible tools that allow local policymakers to first minimize risk today and then think about addressing future risk. This methodology report describes the underlying risk components, including a description of the models required inputs related to metropolitan elements at risk, hazard sub-indices for thirteen hazard types and thirty parameters of physical, socioeconomic, and institutional vulnerability. In addition to this report, three city reports present results that can be used by a variety of users from those interested in the overall city wide risk from all natural hazards to those interested in more disaggregated information.
- Published
- 2011
25. Innovation in Disaster Risk Financing for Developing Countries : Public and Private Contributions
- Author
-
World Bank
- Subjects
INFORMATION ,STORM ,INSURABILITY ,RISK ANALYSIS ,REINSURANCE ,FIRE ,INSURANCE COMPANIES ,HURRICANE ,CHEMICALS ,INSURANCE RISK ,PROGRAMS ,NATURAL CATASTROPHES ,INFLATION ,INSURANCE COMPANY ,SEA SURFACE TEMPERATURES ,EXTREME EVENTS ,DISASTER REDUCTION ,NON-LIFE INSURANCE ,LOSS ,INSURANCE COVERAGE ,RISK ASSESSMENT ,LOSSES ,REINSURANCE COMPANIES ,DAMAGE ,INSURANCE POLICIES ,RISK REDUCTION ,REINSURANCE MARKETS ,BASIS RISK ,BROKERS ,EARTHQUAKES ,INDEMNITIES ,COVERAGE ,PRIVATE INSURANCE ,REINSURERS ,TYPE OF DISASTER ,RESERVES ,BANK ,MORAL HAZARD ,INSURANCE CONTRACT ,CATASTROPHIC LOSS ,WAR ,LOSS RATIO ,DISASTER RISK REDUCTION ,FARMERS ,RISK MANAGEMENT ,SOLVENCY ,INSURERS ,MITIGATION ,CATASTROPHES ,MARKETS ,SUSTAINABILITY ,CAPTIVE INSURANCE ,PRICES ,CATASTROPHE COVERAGE ,FLOOD ,BUILDING CODES ,RATES ,RISK MITIGATION ,DEVASTATION ,REINSURANCE PREMIUMS ,HUMANITARIAN ASSISTANCE ,EMERGENCIES ,APPLICATIONS ,POLICYHOLDERS ,UNDERWRITING ,PREMIUMS ,PRICING ,EMERGENCY RELIEF ,CREDIT RISK ,RELIEF ,RISKS ,COST OF CAPITAL ,NATURAL HAZARDS ,VICTIMS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,INSURANCE INDUSTRIES ,SURFACE TEMPERATURE ,VULNERABILITY TO DISASTERS ,CLAIMS ,RISK MANAGERS ,FINANCIAL RISK ,CATASTROPHE REINSURANCE ,ATLANTIC HURRICANE ,WIND SPEEDS ,DROUGHTS ,RISK ANALYSES ,CATASTROPHIC EVENTS ,CLIMATE CHANGE ,FLOODING ,ENTREPRENEURS ,DISASTER RECONSTRUCTION ,DISASTER PREVENTION ,RISK ASSESSMENTS ,CONTINGENT LIABILITY ,DECLARATION ,WIND SPEED ,INSURANCE PREMIUM ,REINSURER ,HURRICANES ,NEGOTIATION ,FACULTATIVE REINSURANCE ,RISK SHARING ,EARTHQUAKE ,DROUGHT ,RISK ,DISASTER AID ,INSURER ,FOOD SECURITY ,FLOOD INSURANCE ,FARMER ,CATASTROPHIC EVENT ,INSURANCE BENEFITS ,EMERGENCY ,SEA SURFACE TEMPERATURE ,HEALTH CARE ,INSURED LOSSES ,FATALITIES ,SAFETY ,DISASTERS ,REGULATION ,INSURANCE ,NATURAL DISASTERS ,LIFE INSURANCE ,RISK INSURANCE ,AGRICULTURAL INSURANCE ,DISASTER RELIEF ,SURFACE TEMPERATURES ,PRIVATE REINSURANCE ,NATURAL DISASTER ,CREDIT ,SECURITIES ,DISASTER INSURANCE ,SYNDICATES ,TECHNOLOGY ,DISASTER RISKS ,DAMAGES ,AGENTS ,MARKET RISK ,MICROINSURANCE ,FLOODS ,MITIGATION MEASURES ,DISASTER MITIGATION ,INSURANCE PRODUCTS ,INDEMNITY ,INTEREST ,RISK TRANSFER ,PRODUCT LIABILITY ,WEATHER EVENTS ,AFLATOXINS ,ATTACHMENT POINT ,TYPHOON ,DISASTER ,SAVINGS ,DISASTER EMERGENCIES ,DISASTER RISK ,INSURANCE MARKETS ,INSURANCE CONTRACTS ,DELIVERY MECHANISM ,NATURAL CATASTROPHE ,RISK EXPOSURE - Abstract
This report aims to advance the dialogue on creative, forward-looking solutions for developing countries by presenting recent innovations on disaster risk financing and insurance developed by the private markets as well as the international donor community, from the macro (government) level down to the micro (household) level. It discusses how these innovations can be adapted and implemented in developing countries to better protect efficiently those countries against the financial consequences of natural disasters. Section one provides an introduction to the economic and fiscal impacts of natural disasters on developing countries. Section two examines examples of innovation in the private insurance and capital markets that may have applications in sovereign disaster risk financing for developing countries. Section three examines how innovations coming out of mature property catastrophe risk insurance (PCRI) markets could serve in low and middle-income countries. Section four considers how innovation is taking seed in creative disaster micro insurance programs in low- and middle-income countries. Section five wraps up the report with brief concluding remarks.
- Published
- 2011
26. Natural Disaster Response : Lessons from Evaluations of the World Bank and Others
- Author
-
Todd, David and Todd, Hazel
- Subjects
DISASTER EVENT ,EVACUATION ,DAMAGE ASSESSMENTS ,DISASTER REDUCTION INITIATIVES ,EARLY WARNINGS ,DISASTER EVENTS ,HURRICANE ,EMERGENCY SITUATIONS ,DISASTER MANAGEMENT ,DISASTER REDUCTION ,DISASTER RECOVERY ,EMPLOYMENT ,INFORMATION DISSEMINATION ,TECHNICAL ASSISTANCE ,RISK ASSESSMENT ,ADAPTATION ,SAFETY NETS ,MANDATES ,RISK REDUCTION ,EMERGENCY RESPONSE ,EARTHQUAKES ,FLOOD MANAGEMENT ,DISASTER INFORMATION MANAGEMENT ,TEMPORARY SHELTER ,DISASTER PREPAREDNESS ,LOCAL GOVERNMENT STRUCTURES ,RELIEF ACTIVITIES ,ASPECTS OF DISASTER MANAGEMENT ,DISASTER RISK REDUCTION ,CAPACITY CONSTRAINTS ,FARMERS ,RISK MANAGEMENT ,DISASTER RISK ASSESSMENT ,CAPACITY-BUILDING ,DISASTER RESPONSE ,EMERGENCY RECOVERY ,DISASTER SITUATIONS ,DISASTER INFORMATION ,DAMAGE ASSESSMENT ,BUILDING CODES ,FLOOD ,RECONSTRUCTION ,DISASTER RESPONSES ,HUMANITARIAN ASSISTANCE ,EMERGENCIES ,EMERGENCY RECOVERY LOAN ,RELIEF WORK ,RELIEF EFFORTS ,DISASTER-PRONE COUNTRY ,NATURAL HAZARDS ,SLOW ONSET DISASTERS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,VICTIMS ,DISASTER SITUATION ,DROUGHT-PRONE AREAS ,ADAPTING ,NONGOVERNMENTAL ORGANIZATIONS ,FINANCIAL MANAGEMENT ,DROUGHTS ,OCCURRENCE OF DISASTERS ,FLOODING ,DISASTER RECONSTRUCTION ,IMPLEMENTATION CAPACITY ,DISASTER PREVENTION ,NATURAL HAZARD ,DISASTER COMMUNICATION ,CAPACITY DEVELOPMENT ,EARTHQUAKE ,DROUGHT ,FLOOD RESPONSE ,EMERGENCY SITUATION ,LOCAL GOVERNMENT ,EMERGENCY COMMITTEE ,ENVIRONMENTAL DEGRADATION ,ERL ,SAFETY ,DISASTERS ,DISASTER ACTIVITIES ,INSURANCE ,REHABILITATION PROGRAMS ,NATURAL DISASTERS ,DISASTER MANAGEMENT ACTIVITIES ,BANKS ,DISASTER RESILIENCE ,DISASTER RELIEF ,EARLY WARNING SYSTEMS ,EARLY WARNING ,NATURAL DISASTER ,TSUNAMI ,LEGISLATION ,DISASTER INSURANCE ,DISASTER RISKS ,DAMAGES ,FLOODS ,HOUSING ,DISASTER MITIGATION ,DOCUMENTS ,EMERGENCY OPERATIONS ,NATURAL RESOURCES ,CLIMATE ,DISASTER RISK ,CAPACITY BUILDING ,URBAN DEVELOPMENT ,ACCOUNTABILITY ,DISASTER UNITS - Abstract
This document aims to provide a concise collection of those good practices and challenges that have recently been identified by evaluative work on natural disaster response of the World Bank, the Independent Evaluation Group (IEG), and other major actors. It is hoped that the lessons identified can be used by World Bank staff engaged in work related to natural disasters, to gain insights into approaches that may promote or hinder effective assistance to partner countries. Although great international attention is focused on the occurrence of disasters and the short term response to them, this phase is only part of the overall disaster management cycle. This cycle includes three main phases pre-disaster, disaster response, and post-disaster each of which has an appropriate range of activities. Evaluations have provided many lessons for this phase. However, these generally also carry over into the post-disaster phase, and even further into the next pre-disaster phase. Some of the lessons may partially contradict each other (for example, the value of local participation may cut across the benefits of speedy action), which means that trade-offs must be developed for each specific situation.
- Published
- 2011
27. A Conceptual Framework for a Training Curriculum on Natural Disaster Risk Reduction and Management for Agriculture and the Rural Space
- Author
-
Anderlini, Sanam, Agwe, Jonathan N., and Pehu, Eija
- Subjects
HEAT WAVES ,EVACUATION ,LEVELS OF EDUCATION ,STORM ,DISASTER RISK–REDUCTION ,DISASTER–RISK ,RISK ANALYSIS ,RURAL DEVELOPMENT ,FIRE BREAKS ,FIRE ,INSURANCE COMPANIES ,HURRICANE ,CONTINGENCY PLANNING ,LAND MINES ,EMERGENCY SITUATIONS ,SPECIES ,DISASTER REDUCTION ,DISASTER MANAGEMENT ,TYPE OF DISASTERS ,DISASTER RECOVERY ,EXTREME WEATHER ,ENVIRONMENTAL DAMAGE ,POPULATION GROWTH ,WARNING SYSTEM ,POPULATION ,AGRICULTURAL PRODUCTION ,NATIONAL LEVEL ,SURVIVORS ,DAMAGE ,EARLY WARNING SYSTEM ,TIDAL WAVES ,RISK REDUCTION ,PREVENTIVE ACTION ,CRED ,EMERGENCY RESPONSE ,FOOD INSECURITY ,EARTHQUAKES ,URBANIZATION ,DISASTER-PRONE COUNTRIES ,FLOOD MANAGEMENT ,METEOROLOGICAL ORGANIZATION ,TYPE OF DISASTER ,BANK ,POPULATIONS ,TECHNOLOGIES ,DISASTER PREPAREDNESS ,CASUALTY ,DISASTER RISK REDUCTION ,FARMERS ,RISK– REDUCTION ,INFORMATION SYSTEMS ,RURAL AREAS ,FLOOD ,RECONSTRUCTION ,FIRES ,VULNERABILITY ,HUMANITARIAN ASSISTANCE ,EMERGENCIES ,WORKSHOP ,RISK–REDUCTION ,RESCUE ,RELIEF ,RISKS ,NATURAL HAZARDS ,VICTIMS ,DISASTER RISK– REDUCTION ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,TECHNICAL COOPERATION ,VULNERABILITY TO DISASTERS ,SUSTAINABLE DEVELOPMENT ,DISASTER–RISK REDUCTION ,VOLCANOES ,DROUGHTS ,CLIMATE CHANGE ,FLOODING ,ALLIANCE ,DISASTER RECONSTRUCTION ,TORNADOES ,NONGOVERNMENTAL ORGANIZATION ,STORMS ,ACCIDENTS ,LIMITED RESOURCES ,FAMINE ,TYPHOONS ,HURRICANES ,EPIDEMIOLOGY ,EARTHQUAKE ,DROUGHT ,CASUALTIES ,RISK ,ACCESS TO INFORMATION ,FOOD SECURITY ,FARMER ,DISSEMINATION ,POLICIES ,EMERGENCY ,POLICY ,CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY ,ComputingMilieux_GENERAL ,FLOOD CONTROL ,SAFETY ,CIVIL UNREST ,DISASTERS ,LANDSLIDES ,FOREST FIRES ,INSURANCE ,SOCIAL CONSEQUENCES ,TECHNICAL CAPACITY ,NATURAL DISASTERS ,RURAL COMMUNITIES ,TROPICAL STORMS ,BANKS ,NATIONAL POLICY ,TRAINING ,MIGRATION ,IMPACT OF DISASTERS ,EARLY WARNING SYSTEMS ,EARLY WARNING ,NATURAL DISASTER ,TSUNAMI ,FOOD AID ,DEVELOPING COUNTRIES ,LEGAL STATUS ,DISASTER INSURANCE ,FORECASTING ,LOCAL AUTHORITIES ,TSUNAMIS ,TECHNOLOGY ,DISASTER RISKS ,DAMAGES ,EMERGENCY-RESPONSE ,FLOODS ,CIVIL DEFENSE ,HUMAN SECURITY ,WARNING SYSTEMS ,NATURAL RESOURCES ,EMERGENCY KITS ,TYPHOON ,DISASTER ,SAVINGS ,DISASTER RISK ,HUMAN LIFE ,POPULATION DENSITY ,PRACTITIONERS ,NUMBER OF PEOPLE ,URBAN AREAS ,DISASTER TYPES ,PUBLICATIONS ,SLUMS ,TECHNICAL SKILLS - Abstract
This paper presents the conceptual framework for a training program on integrating disaster risk reduction and climate-change mitigation into Agriculture and Rural Development Department (ARD) programming. Its target audience consists of World Bank task team leaders and their national counterparts and partners working in agriculture and rural settings.
- Published
- 2009
28. Disaster Risk Reduction and Emergency Management in Armenia
- Author
-
Global Facility for Disaster Reduction and Recovery
- Subjects
EMERGENCY PREPAREDNESS ,RIVERS ,MOTION ,DRAINAGE ,EVACUATION ,CLIMATE CHANGES ,RIVER BASINS ,INVENTORY ,RISK ANALYSIS ,ECONOMIC GROWTH ,BREATHING APPARATUS ,FIRE ,INSURANCE COMPANIES ,AMBULANCE ,CONTINGENCY PLANNING ,FIRST AID ,EMERGENCY SITUATIONS ,QUALITY ASSURANCE ,UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT ,DISASTER MANAGEMENT ,DISASTER REDUCTION ,EMPLOYMENT ,RISK ASSESSMENT ,PERSONAL PROTECTIVE EQUIPMENT ,AGRICULTURAL PRODUCTION ,HIGH UNEMPLOYMENT ,UNEMPLOYMENT ,EARLY WARNING SYSTEM ,INCOME ,PRODUCTIVITY ,EMERGENCY RESPONSE ,EARTHQUAKES ,BUILDING CODE ,FREEZING ,CRIME ,METEOROLOGICAL ORGANIZATION ,NATIONAL EMERGENCY ,WINTER STORM ,DISASTER PREPAREDNESS ,METALS ,ELECTROMAGNETIC WAVES ,ALARM SYSTEMS ,DISASTER RISK REDUCTION ,DEATH TOLL ,FARMERS ,DISASTER RESPONSE ,ENGINEERS ,FIREFIGHTING ,DRAFTING ,PIPELINES ,INSURERS ,SEARCH AND RESCUE ,INFORMATION SYSTEMS ,ECONOMIC COSTS ,UNEMPLOYED ,HYDROLOGY ,RESCUE TEAMS ,LEAKAGE ,AVALANCHES ,SANITATION ,BUILDING CODES ,FLOOD ,PROPERTY RIGHTS ,RECONSTRUCTION ,IRRIGATION CANALS ,ALARMS ,DISASTER RESPONSES ,RELIEF OPERATIONS ,RESCUE EQUIPMENT ,EMERGENCIES ,HEALTH RISKS ,PUMPING STATIONS ,INFORMATION SYSTEM ,EMERGENCY CALLS ,RESCUE ,RISK MANAGEMENT PROJECTS ,EMERGENCY RELIEF ,NATURAL HAZARDS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,ECONOMIC BENEFITS ,STRUCTURAL ELEMENTS ,CONSTRUCTION INDUSTRY ,FIRE SAFETY ,ACCEPTABLE RISK ,RESCUE SERVICE ,FINANCIAL RISK ,DAM SAFETY ,FALLING ,CRISES ,PUBLIC SAFETY ,THUNDERSTORMS ,DROUGHTS ,FIRST AID KIT ,GROUNDWATER ,INNOVATION ,STRUCTURES ,CATASTROPHIC EVENTS ,SMOKE ,CLIMATE CHANGE ,ENGINEERING ,FLOODING ,LANDSLIDE ,DISASTER PREVENTION ,ACCIDENTS ,FIRE STATIONS ,CATASTROPHIC INSURANCE ,IRRIGATION ,FOOD RELIEF ,HURRICANES ,NATURAL HAZARD ,EMERGENCY SERVICE ,NATURAL DISASTER REDUCTION ,EARTHQUAKE ,TEMPERATURE ,DROUGHT ,FOOD SECURITY ,HAIL STORM ,SEARCH AND RESCUE EQUIPMENT ,COLLAPSED BUILDINGS ,HAILSTORMS ,HUMAN CAPITAL ,SAFETY ,LANDSLIDES ,INSURANCE ,HELMETS ,NATURAL DISASTERS ,RESCUE SERVICES ,EMERGENCY MANAGEMENT ,EMERGENCY SHELTERS ,BANKS ,FUELS ,IMPACT OF DISASTERS ,FIREFIGHTERS ,DAM SAFETY PROJECTS ,EARLY WARNING SYSTEMS ,HEAT ,EMERGENCY SERVICES ,MASS ,EARLY WARNING ,NATURAL DISASTER ,FOOD AID ,COMPETITIVE ECONOMY ,DISASTER INSURANCE ,NATURAL GAS ,TECTONIC PLATES ,WATER FLOW ,DISASTER RISKS ,MEASUREMENTS ,DAMAGES ,DAMS ,DISASTER COORDINATORS ,FLOODS ,TOOLS ,EMERGENCY CALL ,CIVIL DEFENSE ,HEATING ,DOCUMENTS ,WATER QUALITY ,EMERGENCY OPERATIONS ,WATER SUPPLY ,HAILSTORM ,JOINTS ,VELOCITY ,GENERATOR ,ENERGY CRISIS ,LABOR FORCE ,TRANSPORT ,DISASTER ,SAVINGS ,EMERGENCY OPERATION ,DISASTER RISK ,FLOOD FORECASTING ,EMERGENCY RESPONSES ,SAFETY STANDARDS ,INJURIES ,URBAN DEVELOPMENT ,RESERVOIRS ,PUMPS - Abstract
This report addresses the fact that natural disasters have caused vast social upheaval and economic damage to Armenia. This ongoing vulnerability to natural disasters has led Armenia to appreciate the advantages of developing a comprehensive strategy to help minimize ensuing fiscal exposure because the national budget will never be adequate to mitigate, respond, and recover from these recurrent but unavoidable crises. Since the Spitak earthquake, Government has reorganized its emergency management system and established many seismic mitigation activities and created a Ministry of Emergency Situations (MoES) and established a cabinet-level Minister responsible for disaster response. Government may wish to build on these achievements. The report is also based on a study carried out in Armenia under the Global Facility for Disaster Reduction and Recovery (GFDRR) project, which analyzed disaster risks, assessed existing systems, mechanisms, and institutional capacities, and made recommendations for developing a comprehensive national disaster reduction and preparedness agenda, which could form the basis for a natural disaster reduction project.
- Published
- 2009
29. The ProVention Consortium
- Author
-
Independent Evaluation Group
- Subjects
EMERGENCY PREPAREDNESS ,EVACUATION ,INFRASTRUCTURE ,DAMAGE ASSESSMENTS ,RISK ANALYSIS ,EARLY WARNINGS ,REINSURANCE ,OVERHEAD COSTS ,FIRE ,INSURANCE COMPANIES ,DISASTER EVENTS ,HURRICANE ,PROJECTS ,INSURANCE COMPANY ,TRANSACTION COSTS ,INTERNATIONAL AGENCIES ,DISASTER REDUCTION ,DISASTER MANAGEMENT ,DISASTER RECOVERY ,INFORMATION DISSEMINATION ,EMPLOYMENT ,TECHNICAL ASSISTANCE ,CRITERIA ,RISK ASSESSMENT ,EL NINO ,DISPUTE SETTLEMENT ,LENDING ,DAMAGE ,RISK REDUCTION ,RESOURCE ALLOCATION ,CRED ,EMERGENCY RESPONSE ,ENVIRONMENTAL DISASTER ,EARTHQUAKES ,GOVERNMENTS ,METEOROLOGICAL ORGANIZATION ,BANK ,MEDICINES ,DISASTER PREPAREDNESS ,DISASTER RISK REDUCTION ,RISK MANAGEMENT ,BANK MANAGEMENT ,STRATEGIES ,DISASTER RESPONSE ,DAT DATABASE ,INSURERS ,INDUSTRY ,DISASTER SITUATIONS ,FINANCE ,DMF ,ADMINISTRATIVE COSTS ,TRANSFERS ,FISCAL YEAR ,FLOOD ,DISASTER MANAGEMENT FACILITY ,HUMANITARIAN ASSISTANCE ,HEALTH RISKS ,EMERGENCIES ,GRANT PROGRAMS ,SERVICES ,INVESTMENT GRANTS ,RELIEF ,RISKS ,NATURAL HAZARDS ,NEGOTIATIONS ,VICTIMS ,INTERNATIONAL STRATEGY FOR DISASTER REDUCTION ,TECHNICAL COOPERATION ,VULNERABILITY TO DISASTERS ,PROPERTY ,DISASTER VICTIMS ,SLUM ,ALLIANCES ,CLIMATE CHANGE ,ALLIANCE ,DISASTER RECONSTRUCTION ,WORLD HEALTH ORGANIZATION ,DISASTER PREVENTION ,ACCIDENTS ,DECLARATION ,REINSURER ,NATURAL HAZARD ,MINISTRIES OF FINANCE ,NEGOTIATION ,EPIDEMIOLOGY ,NATURAL DISASTER REDUCTION ,EARTHQUAKE ,ACCOUNTING ,EMERGENCY MANAGERS ,VALUE ,RISK ,FOREIGN AFFAIRS ,LOCAL GOVERNMENT ,GOVERNANCE ,PRINCIPAL ,EMERGENCY ,CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY ,ENVIRONMENTAL DEGRADATION ,ENVIRONMENTAL DISASTERS ,FINANCIAL INSTITUTIONS ,SAFETY ,DEVELOPMENT NETWORK ,DISASTERS ,BANK ACCOUNTING ,INSURANCE ,REVENUE ,NATURAL DISASTERS ,ADVERSE IMPACT OF HAZARDS ,ACCIDENT ,BANKS ,GRANTS ,LAND ,DISASTER RELIEF ,IMPACT OF DISASTERS ,DISASTER MANAGEMENT TRAINING ,PRIVATIZATION ,PUBLIC POLICY ,DISASTER MANAGERS ,PRIVATE REINSURANCE ,NATURAL DISASTER ,CREDIT ,TSUNAMI ,PUBLIC FINANCE ,DISASTER INSURANCE ,FORECASTING ,MICROFINANCE ,PUBLIC POLICIES ,TECHNOLOGY ,DISASTER RISKS ,NATIONAL DISASTER MANAGEMENT STRATEGY ,DISASTER EXPERTS ,FLOODS ,HOUSING ,DISASTER MITIGATION ,INTEREST ,EMERGENCY OPERATIONS ,TRANSPORT ,DISASTER ,DISASTER RISK ,ADB ,TRUST FUNDS ,DISASTER TYPES ,TENT ,URBAN DEVELOPMENT ,ACCOUNTABILITY - Abstract
The provention consortium was created in February 2000 as a formal partnership between the World Bank, other International Financial Institutions (IFIs), bilateral donor organizations, the insurance sector, the academic community, and civil society. Designed as a think-tank to commission research and to disseminate risk reduction tools, the provention secretariat was to rotate from one partner organization to another. Thus, after three years at the Bank, the secretariat was transferred to the International Federation of the Red Cross and Red Crescent Societies (IFRC) in Geneva. The overall goal of provention is to reduce the social, economic, and environmental impacts of natural disasters on vulnerable populations in developing countries in order to alleviate poverty and contribute to sustainable development. This is achieved through (a) forging partnerships; (b) promoting policy; (c) improving practice; and (d) sharing knowledge. Under the Washington-based Secretariat, provention supported four types of activities: applied research studies, pilot and demonstration projects, education and training activities, and workshops and conferences. Provention was repeatedly criticized for its weak governance structure. Therefore, the secretariat commissioned a governance review in 2005. The governance review recommended reactivating the presiding council (PC); replacing the Steering Committee (SC) by a forum to discuss the impact of disasters in developing countries; and creating an Advisory Committee as the main governing body.
- Published
- 2008
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