Publication:
Evaluating Sovereign Disaster Risk Finance Strategies: A Framework

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dc.contributor.authorClarke, Daniel
dc.contributor.authorMahul, Olivier
dc.contributor.authorPoulter, Richard
dc.contributor.authorTeh, Tse Ling
dc.date.accessioned2016-07-07T21:18:59Z
dc.date.available2016-07-07T21:18:59Z
dc.date.issued2016-06
dc.description.abstractThis paper proposes a framework for ex ante evaluation of sovereign disaster risk finance instruments available to governments for funding disaster losses. The framework can be used by governments to help choose between different financial instruments, or between different combinations of instruments, to achieve appropriate and financially efficient strategies to fund disaster losses, taking into account the risk of disasters, economic conditions, and political constraints. The paper discusses the framework in the context of a hypothetical country, with parameters selected to represent a disaster-prone small island state. The paper shows how a mix of instruments can be chosen to minimize the economic opportunity cost given the underlying disaster risk faced and prevailing economic and financial conditions.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/06/26510520/evaluating-sovereign-disaster-risk-finance-strategies-framework
dc.identifier.doi10.1596/1813-9450-7721
dc.identifier.urihttps://hdl.handle.net/10986/24637
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No 7721
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCONTINGENT LIABILITIES
dc.subjectLINE OF CREDIT
dc.subjectHOLDING
dc.subjectLIABILITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectFINANCIAL MANAGEMENT
dc.subjectRISK PROFILE
dc.subjectVALUATION
dc.subjectINTEREST
dc.subjectRATE OF RETURN
dc.subjectCLAIM PAYMENT
dc.subjectRISK NEUTRAL
dc.subjectCONTINGENT LIABILITY
dc.subjectMORAL HAZARD
dc.subjectINSURANCE PRODUCT
dc.subjectINTEREST RATE
dc.subjectOPTION
dc.subjectEXCHANGE
dc.subjectSTRATEGIES
dc.subjectSERVICES
dc.subjectFINANCIAL CRISES
dc.subjectDEVELOPING COUNTRIES
dc.subjectREPAYMENTS
dc.subjectPUBLIC SERVICES
dc.subjectPORTFOLIO
dc.subjectBONDS
dc.subjectMARKET INSTRUMENTS
dc.subjectLOAN
dc.subjectDEBT REPAYMENTS
dc.subjectPRICING
dc.subjectPROJECTS
dc.subjectRESERVE FUND
dc.subjectGOVERNMENT ACCOUNTS
dc.subjectINTEREST RATE
dc.subjectCLAIM PAYMENTS
dc.subjectSAVING
dc.subjectRESERVE
dc.subjectINTERNATIONAL BANK
dc.subjectINSTRUMENTS
dc.subjectSAFETY NETS
dc.subjectBUDGET
dc.subjectPRESENT VALUE
dc.subjectSAVINGS
dc.subjectCURRENCY
dc.subjectNATURAL DISASTER
dc.subjectMORAL HAZARD
dc.subjectDISBURSEMENT
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PRODUCT
dc.subjectFINANCES
dc.subjectFIXED COSTS
dc.subjectINTEREST RATES
dc.subjectINSURANCE PRODUCTS
dc.subjectNATURAL DISASTERS
dc.subjectRESERVE FUND
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectMARKETS
dc.subjectDEBT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectFINANCIAL CRISES
dc.subjectCATASTROPHE BONDS
dc.subjectINTEREST RATES
dc.subjectRETURN
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectLENDERS
dc.subjectLIQUID MONEY
dc.subjectPUBLIC SERVICES
dc.subjectLOANS
dc.subjectRESERVES
dc.subjectGOVERNMENT FINANCING
dc.subjectFINANCE
dc.subjectBANK POLICY
dc.subjectINFRASTRUCTURE
dc.subjectCONTINGENT LIABILITY
dc.subjectBANKS
dc.subjectEXPENDITURE
dc.subjectTRANSACTIONS
dc.subjectSOVEREIGN DEBT
dc.subjectRISK NEUTRAL
dc.subjectOPPORTUNITY COST
dc.subjectGOVERNMENT BUDGET
dc.subjectOPPORTUNITY COSTS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFINANCIAL INSTRUMENT
dc.subjectMINISTRIES OF FINANCE
dc.subjectINSURANCE PRODUCTS
dc.subjectSOVEREIGN RISK
dc.subjectFUTURE
dc.subjectVALUE
dc.subjectPRIVATE FINANCIAL SECTOR
dc.subjectCLAIM PAYMENT
dc.subjectBANK
dc.subjectRETURNS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectCREDIT
dc.subjectBUDGETS
dc.subjectCOLLATERALIZATION
dc.subjectPUBLIC BUDGET
dc.subjectOPPORTUNITY COST
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectSAFETY NET
dc.subjectPRICE RISK
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INSTRUMENT
dc.subjectREPAYMENT
dc.subjectEXPENDITURES
dc.subjectCATASTROPHE BONDS
dc.subjectNATURAL DISASTER
dc.subjectFISCAL YEAR
dc.subjectOPPORTUNITY COSTS
dc.subjectBANK POLICY
dc.subjectINSURANCE PREMIUM
dc.subjectMARKET
dc.subjectDEFAULT
dc.subjectLOCAL CURRENCY
dc.subjectRISK PROFILE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectLEVY
dc.subjectINSURANCE
dc.subjectINSURANCE PREMIUMS
dc.subjectCONTINGENT DEBT
dc.subjectGOVERNMENT DEBT
dc.subjectPRICE RISK
dc.subjectINVESTMENT
dc.subjectRISK
dc.subjectBOND
dc.subjectSAFETY NETS
dc.subjectINDIRECT COST
dc.subjectMINISTRIES OF FINANCE
dc.subjectFINANCIAL MARKETS
dc.subjectDEBT REPAYMENTS
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectMONEY MARKET
dc.subjectMONEY MARKET INSTRUMENTS
dc.subjectBORROWING
dc.subjectINVESTMENTS
dc.subjectRISK MANAGEMENT
dc.subjectLENDING
dc.subjectCONTINGENT LIABILITIES
dc.subjectSWAPS
dc.subjectINSURANCE COMPANIES
dc.subjectINSTRUMENT
dc.subjectLINE OF CREDIT
dc.subjectGOVERNMENTS
dc.subjectLIABILITIES
dc.subjectARREARS
dc.subjectGOVERNMENT ACCOUNTS
dc.subjectBOND PREMIUM
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectECONOMIC CONDITIONS
dc.subjectNATURAL DISASTERS
dc.subjectINVESTING
dc.titleEvaluating Sovereign Disaster Risk Finance Strategiesen
dc.title.subtitleA Frameworken
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleEvaluating Sovereign Disaster Risk Finance Strategies: A Framework
okr.date.disclosure2016-06-21
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/06/26510520/evaluating-sovereign-disaster-risk-finance-strategies-framework
okr.guid430111468184437717
okr.identifier.doi10.1596/1813-9450-7721
okr.identifier.externaldocumentum090224b0843ea00e_1_0
okr.identifier.internaldocumentum26510520
okr.identifier.reportWPS7721
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/06/21/090224b0843ea00e/1_0/Rendered/PDF/Evaluating0sov0tegies000a0framework.pdfen
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicEnvironment::Natural Disasters
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitDisaster Risk Financing and Insurance Program (DRFIP)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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