Advancing disaster risk financing in Sint Maarten
The objective of this report is to provide recommendations to the Government of Sint Maarten (GoSXM) for the formulation of a country-specific comprehensive disaster risk financing (DRF) strategy based on the assessment of the legislative, financial management, fiscal, and insurance market environment in Sint Maarten (SXM).
Recommendations for a National Disaster Risk Financing Strategy in Sint Maarten state that a comprehensive national DRF strategy for SXM should be designed to improve the capacity of the GoSXM to access immediate financial resources in the event of a national disaster and be flexible to allow for a proportional response based on the magnitude of loss while minimizing reallocations from existing programs and maintaining fiscal balance
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