Building Resilience in Developing Countries Vulnerable to Large Natural Disasters

Policy Papers, June 26, 2019

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Building Resilience in Developing Countries Vulnerable to Large Natural Disasters

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Bibliographic details

• Published: June 26, 2019
• Series: Policy Papers
• DOI: https://doi.org/10.5089/9781498321020.007

Main findings and analytical framework

• Views disaster risk management through a three-pillar strategy for building resilience:
  • structural resilience
  • financial resilience
  • post-disaster (including social) resilience
• A coherent disaster resilience strategy should be based on a diagnostic of risks and cost-effective responses.
• Such a strategy can provide a road map for addressing disaster-related vulnerabilities and can help mobilize support from the international community.

Policy recommendations and implications

• Adopt a three-pillar approach to align investments and policies across:
  • structural mitigation (physical infrastructure and preparedness)
  • financial instruments (insurance, fiscal buffers, contingent finance)
  • post-disaster social and recovery measures
• Ground strategy formulation in a country-specific diagnostic of risks and cost-effectiveness to prioritize actions.
• Use a coherent strategy to mobilize external financial and technical support from donors and international partners.

Target audience and subject scope

• Intended for countries vulnerable to natural disasters seeking to reduce human and economic costs.
• Relevant subjects and policy areas in the paper include:
  • Climate change
  • Disaster aid
  • Environment
  • Financial institutions
  • Fiscal policy
  • Fiscal space
  • Foreign aid
  • Insurance
  • Macro-fiscal framework
  • Natural disasters

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