{
  "title": "Building Resilience in Developing Countries Vulnerable to Large Natural Disasters",
  "publication": "Policy Papers, June 26, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2019/06/24/building-resilience-in-developing-countries-vulnerable-to-large-natural-disasters-47020",
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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 (inc",
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      "heading": "Main findings and analytical framework",
      "content": "- Views disaster risk management through a three-pillar strategy for building resilience:\n  - structural resilience\n  - financial resilience\n  - post-disaster (including social) resilience\n- A coherent disaster resilience strategy should be based on a diagnostic of risks and cost-effective responses.\n- Such a strategy can provide a road map for addressing disaster-related vulnerabilities and can help mobilize support from the international community."
    },
    {
      "heading": "Policy recommendations and implications",
      "content": "- Adopt a three-pillar approach to align investments and policies across:\n  - structural mitigation (physical infrastructure and preparedness)\n  - financial instruments (insurance, fiscal buffers, contingent finance)\n  - post-disaster social and recovery measures\n- Ground strategy formulation in a country-specific diagnostic of risks and cost-effectiveness to prioritize actions.\n- Use a coherent strategy to mobilize external financial and technical support from donors and international partners."
    },
    {
      "heading": "Target audience and subject scope",
      "content": "- Intended for countries vulnerable to natural disasters seeking to reduce human and economic costs.\n- Relevant subjects and policy areas in the paper include:\n  - Climate change\n  - Disaster aid\n  - Environment\n  - Financial institutions\n  - Fiscal policy\n  - Fiscal space\n  - Foreign aid\n  - Insurance\n  - Macro-fiscal framework\n  - Natural disasters\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2019/06/24/building-resilience-in-developing-countries-vulnerable-to-large-natural-disasters-47020"
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    "Published: June 26, 2019",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9781498321020.007",
    "Views disaster risk management through a three-pillar strategy for building 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.",
    "Adopt a three-pillar approach to align investments and policies across:",
    "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.",
    "Intended for countries vulnerable to natural disasters seeking to reduce human and economic costs.",
    "Relevant subjects and policy areas in the paper include:",
    "**Policy Paper**"
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