Publication:
Financial Protection of the State against Natural Disasters : A Primer

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dc.contributor.authorGhesquiere, Francis
dc.contributor.authorMahul, Olivier
dc.date.accessioned2012-03-19T18:42:02Z
dc.date.available2012-03-19T18:42:02Z
dc.date.issued2010-09-01
dc.description.abstractThis paper has been prepared for policy makers interested in establishing or strengthening financial strategies to increase the financial response capacity of governments of developing countries in the aftermath of natural disasters, while protecting their long-term fiscal balances. It analyzes various aspects of emergency financing, including the types of instruments available, their relative costs and disbursement speeds, and how these can be combined to provide cost-effective financing for the different phases that follow a disaster. The paper explains why governments are usually better served by retaining most of their natural disaster risk while using risk transfer mechanisms to manage the excess volatility of their budgets or access immediate liquidity after a disaster. Finally, it discusses innovative approaches to disaster risk financing and provides examples of strategies that developing countries have implemented in recent years.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100921153615
dc.identifier.doi10.1596/1813-9450-5429
dc.identifier.urihttps://hdl.handle.net/10986/3912
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5429
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectASSET BASE
dc.subjectATLANTIC HURRICANES
dc.subjectAUDITS
dc.subjectAUTOMOBILE INSURANCE
dc.subjectBANK POLICY
dc.subjectBANKS
dc.subjectBOND
dc.subjectBOND ISSUANCES
dc.subjectBOND ISSUE
dc.subjectBOND ISSUER
dc.subjectBOND MARKET
dc.subjectBONDS
dc.subjectBORROWING CAPACITY
dc.subjectBUILDING CODES
dc.subjectBUSINESS INTERRUPTION INSURANCE
dc.subjectCALL OPTION
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCATASTROPHE BONDS
dc.subjectCATASTROPHES
dc.subjectCATASTROPHIC EVENT
dc.subjectCAUSE OF DISASTERS
dc.subjectCLIMATE CHANGE
dc.subjectCOMMODITY PRICE
dc.subjectCONTINGENT DEBT
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTINGENT LIABILITY
dc.subjectCOST OF CAPITAL
dc.subjectCOVERAGE
dc.subjectCRED
dc.subjectCREDIT RATING
dc.subjectCURRENCY
dc.subjectCURRENCY RISK
dc.subjectDEBT INSTRUMENTS
dc.subjectDEBT LEVELS
dc.subjectDEBT OBLIGATIONS
dc.subjectDEBT RATIOS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT NETWORK
dc.subjectDISASTER EMERGENCIES
dc.subjectDISASTER EVENTS
dc.subjectDISASTER INSURANCE
dc.subjectDISASTER MANAGEMENT
dc.subjectDISASTER RECOVERY
dc.subjectDISASTER REDUCTION
dc.subjectDISASTER RESPONSE
dc.subjectDISASTER RISK
dc.subjectDISASTER SIMULATION
dc.subjectDISBURSEMENT
dc.subjectDOMESTIC CREDIT
dc.subjectEARTHQUAKE
dc.subjectEARTHQUAKE INSURANCE
dc.subjectEARTHQUAKES
dc.subjectEMERGENCIES
dc.subjectEMERGENCY ASSISTANCE
dc.subjectEMERGENCY FINANCING
dc.subjectEMERGENCY RELIEF
dc.subjectEMERGENCY SERVICES
dc.subjectEMERGING ECONOMIES
dc.subjectENVIRONMENTAL DEGRADATION
dc.subjectEXPENDITURES
dc.subjectFIDUCIARY
dc.subjectFINANCE MINISTRIES
dc.subjectFINANCES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL EXPOSURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENT
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL RISK
dc.subjectFISCAL POLICY
dc.subjectFLOOD
dc.subjectFLOODS
dc.subjectFUNGIBLE
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL MARKET
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT POLICIES
dc.subjectHOUSING
dc.subjectHURRICANE
dc.subjectHURRICANES
dc.subjectIMPACT OF DISASTER
dc.subjectIMPACT OF DISASTERS
dc.subjectINDEBTEDNESS
dc.subjectINDEMNITY
dc.subjectINSECT INFESTATIONS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE PRODUCT
dc.subjectINSURER
dc.subjectINSURERS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectISSUANCE
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLIMITED BORROWING CAPACITY
dc.subjectLINE OF CREDIT
dc.subjectLINES OF CREDIT
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectMATURITY
dc.subjectMINISTRIES OF FINANCE
dc.subjectMORAL HAZARD
dc.subjectMORAL OBLIGATION
dc.subjectMULTILATERAL DEVELOPMENT BANKS
dc.subjectNATURAL DISASTER
dc.subjectNATURAL DISASTERS
dc.subjectNET SAVINGS
dc.subjectNEUTRALITY
dc.subjectOPPORTUNITY COST
dc.subjectPAYMENT SYSTEMS
dc.subjectPOLICYHOLDERS
dc.subjectPORTFOLIO
dc.subjectPRESENT VALUE
dc.subjectPRICE RISK
dc.subjectPRINCIPAL PAYMENTS
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE PROPERTY
dc.subjectPROGRAMS
dc.subjectPROPERTY INSURANCE
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INSURANCE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SERVICES
dc.subjectRECONSTRUCTION
dc.subjectRECOVERY OPERATIONS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREINSURANCE
dc.subjectREINSURER
dc.subjectREINSURERS
dc.subjectRELIEF OPERATIONS
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRESERVES
dc.subjectRESOURCE MOBILIZATION
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK CAPITAL
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK MITIGATION
dc.subjectRISK NEUTRAL
dc.subjectRISK PROFILE
dc.subjectRISK REDUCTION
dc.subjectRISK TRANSFER
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSOVEREIGN RISK
dc.subjectSTORM
dc.subjectTAX
dc.subjectTREASURY
dc.subjectTREASURY BONDS
dc.subjectTROPICAL CYCLONE
dc.subjectTSUNAMI
dc.subjectURBANIZATION
dc.subjectWEATHER DERIVATIVES
dc.titleFinancial Protection of the State against Natural Disasters : A Primeren
dspace.entity.typePublication
okr.crossref.titleFinancial protection of the state against natural disasters : a primer
okr.date.disclosure2010-09-01
okr.date.doiregistration2025-04-10T11:40:59.699077Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100921153615
okr.guid227011468175734792
okr.identifier.doi10.1596/1813-9450-5429
okr.identifier.externaldocumentum000158349_20100921153615
okr.identifier.internaldocumentum12788964
okr.identifier.reportWPS5429
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/09/21/000158349_20100921153615/Rendered/PDF/WPS5429.pdfen
okr.region.administrativeWorld
okr.region.administrativeWorld
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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