Small States' Resilience to Natural Disasters and Climate Change - Role for the IMF
Policy Papers, November 7, 2016
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- Small States' Resilience to Natural Disasters and Climate Change - Role for the IMF
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Bibliographic details
- Published: November 7, 2016
- Series: Policy Papers
Key findings on vulnerability and impacts
- Small developing states are disproportionately vulnerable to natural disasters.
- On average, the annual cost of disasters for small states is nearly 2 percent of GDP.
- This annual cost is more than four times that for larger countries.
- About 9 percent of disasters in small states involve damage of more than 30 percent of GDP, compared to less than 1 percent for larger states.
- Greater exposure to disasters has important macroeconomic effects on small states:
- lower investment
- lower GDP per capita
- higher poverty
- a more volatile revenue base
Scope and subjects covered
- Climatic changes
- Debt sustainability
- Developing countries
- Emergency assistance
- External shocks
- Financial sector
- Fiscal policy
- Fund role
- Monetary policy
- Small states
Publication details
- Publication title: Small States' Resilience to Natural Disasters and Climate Change - Role for the IMF
- Date: November 7, 2016
Source: Small States' Resilience to Natural Disasters and Climate Change - Role for the IMF (November 7, 2016).
Content in this bundle
- Executive Summary