Building Resilience in Developing Countries Vulnerable to Large Natural Disasters
Author:
International Monetary Fund. Strategy, Policy, &
International Monetary Fund. Strategy, Policy, & Search for other papers by International Monetary Fund. Strategy, Policy, & in Current site Google ScholarClose
International Monetary Fund. Western Hemisphere Dept.
International Monetary Fund. Western Hemisphere Dept. Search for other papers by International Monetary Fund. Western Hemisphere Dept. in Current site Google ScholarClose
, and
International Monetary Fund. Asia and Pacific Dept
International Monetary Fund. Asia and Pacific Dept Search for other papers by International Monetary Fund. Asia and Pacific Dept in Current site Google ScholarClose
This paper discusses how countries vulnerable to natural disasters can reduce the associated human and economic cost. Building on earlier work by IMF staff, the paper views disaster risk management through the lens of a three-pillar strategy for building structural, financial, and post-disaster (including social) resilience. A coherent disaster resilience strategy, based on a diagnostic of risks and cost-effective responses, can provide a road map for how to tackle disaster related vulnerabilities. It can also help mobilize much-needed support from the international community.