HYOGO FRAMEWORK COUNTRIES & REGIONS THEMES & ISSUES HAZARDS PROFESSIONAL RESOURCES
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Insuring against natural disaster risk in Mexico: case study


This case study is part of World Bank Treasury's financial solutions in practice series. It introduces Mexico government's initiatives, which allowed the country to move from an ex-post response to natural disasters to an ex-ante preparedness approach, through: (i) the fund for natural disasters, to which it transfers budgetary funds for disaster relief and reconstruction efforts; and (ii) an institutional framework for disaster preparedness involving risk assessment, risk reduction, the promotion of a culture of prevention, and insurance.

The paper also features Mexican sub-national governments achievements in securing low-cost local currency financing from the International Bank for Reconstruction and Development (IBRD), and eliminating currency risk for themselves, the domestic development bank, and the federal government.

Keywords

  • Themes:Economics of DRR, Governance, Insurance & Risk Transfer, Media, Risk Identification & Assessment
  • Countries/Regions:Mexico

  • Short URL:http://preventionweb.net/go/34926

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