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Financial protection of the state against natural disasters: a primer

  • Source(s): World Bank, the (WB)
  • Publication date: 2010
  • ISBN/ISSN: 1813-9450
  • Author(s): Ghesquiere, Francis; Mahul, Olivier
  • Number of pages: 24 p.

This paper presents a simple framework to help policy makers devise financial protection strategies against 'natural' disasters. It starts with a short analysis of the impact of disasters on government budgets and fiscal balances. It presents various instruments available to governments interested in improving their response capacity in the aftermath of a disaster while protecting their long-term fiscal balance. It then provides a brief analysis of various dimensions to be considered in the establishment of a cost-effective financial protection strategy and provides a general framework to guide the establishment of such a strategy.

Keywords

  • Themes:Economics of DRR, Governance, Insurance & Risk Transfer, Recovery

  • Short URL:http://preventionweb.net/go/15924

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