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Building Resilience in Developing Countries Vulnerable to Large Natural Disasters
Author:
International Monetary Fund. Strategy, Policy, &amp
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Review Department
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International Monetary Fund. Western Hemisphere Dept.
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International Monetary Fund. Asia and Pacific Dept
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Series:
Policy Papers
Volume/Issue:
Volume 2019: Issue 020
Language:
English
Publication Date:
26 Jun 2019
DOI:
https://doi.org/10.5089/9781498321020.007
ISBN:
9781498321020
ISSN:
2663-3493
Pages:
55
Keywords:
PP; country; country effort; lending toolkit; executive board assessment; disaster-vulnerable country; donor country; climate funds; Natural disasters; Insurance; Disaster aid; Climate change; Fiscal space; Caribbean; Pacific Islands
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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.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund