Policy Papers

Building Resilience in Developing Countries Vulnerable to Large Natural Disasters

June 26, 2019

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Format: Chicago

International Monetary Fund. Strategy, Policy, &, Review Department, International Monetary Fund. Western Hemisphere Dept., and International Monetary Fund. Asia and Pacific Dept "Building Resilience in Developing Countries Vulnerable to Large Natural Disasters", Policy Papers 2019, 020 (2019), accessed November 8, 2024, https://doi.org/10.5089/9781498321020.007

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Summary

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.

Subject: Climate change, Disaster aid, Environment, Financial institutions, Fiscal policy, Fiscal space, Foreign aid, Insurance, Macro-fiscal framework, Natural disasters

Keywords: Caribbean, Climate change, Climate funds, Country, Country effort, Disaster aid, Disaster-vulnerable country, Donor country, Executive board assessment, Fiscal space, Insurance, Lending toolkit, Natural disasters, Pacific Islands, PP

Publication Details

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