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Nepal: National Disaster Risk Financing Strategy

Nepal is at high risk of natural and non-natural disasters. It continues to face the brunt of hazards resulting from rugged topographical conditions, hydro-meteorological activities and climate change as well as disasters attributable to virus, insect pests, epidemics and wildlife. There is a need for appropriate instruments and technologies to forecast the nature and magnitude of hazards and disaster impacts and estimate the damages accordingly.

Financing of disaster risk reduction is more effective than the financing of post-disaster search, rescue, relief, rehabilitation, reconstruction and recovery. Despite the fact that disaster events cannot be fully prevented, the extent of damage can be minimized by adopting disaster risk reduction measures. Therefore, economic recovery from the damage can be achieved through measures of liability transfer including insurance

In order to manage financial resources necessary for minimization of disaster damage, enhancement of post-disaster resilience of persons, society and nation and realization of the concept of “Build Back Better and Stronger”, this National Disaster Risk Financing Strategy has been formulated with the support, suggestions and coordination of stakeholder agencies.

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Keywords

  • Themes:Economics of DRR
  • Countries/Regions:Nepal

  • Short URL:http://preventionweb.net/go/72518

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