Publication:
Indonesia: Advancing a National Disaster Risk Financing Strategy--Options for Consideration

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dc.contributor.authorWorld Bank
dc.date.accessioned2015-08-17T15:12:27Z
dc.date.available2015-08-17T15:12:27Z
dc.date.issued2011-10
dc.description.abstractThis study presents options for a national disaster risk financing strategy in Indonesia, drawing heavily on international experience. The study discusses a series of complementary options for a national disaster risk financing strategy, based on a preliminary fiscal risk analysis and a review of the current budget management of natural disasters in Indonesia. It benefits from the international experience of the World Bank, which has assisted several countries in the design and implementation of sovereign catastrophe risk financing strategies. The rehabilitation and reconstruction fund is the main budget instrument for the Government of Indonesia (GoI) to finance public post-disaster expenditures, but it is under-capitalized. This study presents an optimal combination of risk-retention and risk transfer instruments that could help the GoI increase its immediate financial response capacity against natural disasters and better protect its fiscal balance. Building on the three-tier risk layering approach promoted by the World Bank and the preliminary fiscal risk assessment analysis, the following financial strategy could be considered by the GoI. This strategy would provide the GoI with access to immediate liquidity in the aftermath of a disaster at a competitive cost. The strategy would allow the GoI to access up to US$1.8 billion liquidity in the aftermath of a disaster in order to finance immediate post-disaster expenditures, such as grants for livelihood and low income housing reconstruction. Preliminary disaster fiscal risk assessment analysis shows that this would protect the GoI against disasters occurring every 100 years. The implementation of a national disaster risk financing strategy would require significant institutional capacity building.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/18191656/indonesia-advancing-national-disaster-risk-financing-strategy-options-consideration
dc.identifier.doi10.1596/22421
dc.identifier.urihttps://hdl.handle.net/10986/22421
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFLOODING
dc.subjectTERRORISM
dc.subjectEARLY WARNING SYSTEMS
dc.subjectCATASTROPHIC EVENTS
dc.subjectDISASTER ASSISTANCE
dc.subjectEMERGENCY NEEDS
dc.subjectDISASTER REHABILITATION
dc.subjectRISKS
dc.subjectRESCUE
dc.subjectSTORM
dc.subjectDISASTER RECOVERY
dc.subjectEARLY WARNING
dc.subjectRELIEF OPERATION
dc.subjectRISK REDUCTION
dc.subjectWIND SPEED
dc.subjectSTORMS
dc.subjectINSURER
dc.subjectEXPLOSIONS
dc.subjectBUILDING CODE
dc.subjectDISASTER ACTIVITIES
dc.subjectRECOVERY OPERATIONS
dc.subjectSMOKE
dc.subjectPRIVATE REINSURANCE
dc.subjectDISASTER
dc.subjectPRIVATE INSURANCE
dc.subjectCONTINGENCY PLAN
dc.subjectDAMAGES
dc.subjectEMERGENCY RELIEF
dc.subjectEMERGENCY ASSISTANCE
dc.subjectDISASTER PREVENTION
dc.subjectSAVING
dc.subjectINFORMATION SYSTEMS
dc.subjectDISASTER EVENTS
dc.subjectEARTHQUAKES
dc.subjectHURRICANES
dc.subjectTSUNAMIS
dc.subjectDISASTER EMERGENCY
dc.subjectINSURANCE COMPANY
dc.subjectACCIDENT
dc.subjectCATASTROPHIC EVENT
dc.subjectDISASTER RELIEF
dc.subjectREINSURERS
dc.subjectSAVINGS
dc.subjectHAIL STORM
dc.subjectTSUNAMI
dc.subjectRELIEF
dc.subjectNATURAL DISASTER
dc.subjectDISASTER MITIGATION
dc.subjectVOLCANO
dc.subjectDISASTER RESPONSE
dc.subjectCOMMERCIAL BANK
dc.subjectFLOODS
dc.subjectDONOR PLEDGES
dc.subjectEARLY WARNING SYSTEM
dc.subjectFLOODED
dc.subjectDAMAGED HOUSES
dc.subjectEMERGENCIES
dc.subjectNATURAL DISASTERS
dc.subjectVOLCANIC ERUPTIONS
dc.subjectDISASTERS
dc.subjectCRED
dc.subjectINSURERS
dc.subjectTORNADOS
dc.subjectEMERGENCY RESPONSE
dc.subjectFIRE
dc.subjectEMERGENCY OPERATIONS
dc.subjectLANDSLIDES
dc.subjectENSO
dc.subjectDISASTER EVENT
dc.subjectEMERGENCY SHELTERS
dc.subjectBANKS
dc.subjectEMERGENCY SHELTER
dc.subjectTECHNOLOGY
dc.subjectREINSURANCE
dc.subjectDROUGHTS
dc.subjectDAMAGE ASSESSMENT
dc.subjectTROPICAL CYCLONE
dc.subjectEARTHQUAKE
dc.subjectDISASTER RECONSTRUCTION
dc.subjectEMERGENCY
dc.subjectDISASTER REDUCTION
dc.subjectRELIEF ACTIVITIES
dc.subjectDISASTER RISK
dc.subjectCLIMATE CHANGE
dc.subjectDROUGHT
dc.subjectFIRES
dc.subjectBANK
dc.subjectEMERGENCY RECOVERY
dc.subjectEXTREME EVENTS
dc.subjectINSURANCE CONTRACTS
dc.subjectEXTREME NATURAL DISASTER
dc.subjectAGRICULTURAL INSURANCE
dc.subjectEL NINO
dc.subjectDECLARATION
dc.subjectVICTIMS
dc.subjectRISK EXPOSURE
dc.subjectDAMAGE
dc.subjectIMPACT OF DISASTERS
dc.subjectINSURANCE CONTRACT
dc.subjectINSURANCE INDUSTRY
dc.subjectTROPICAL STORMS
dc.subjectDISASTER INSURANCE
dc.subjectVULNERABILITY TO DISASTERS
dc.subjectDISASTER PREPAREDNESS
dc.subjectRELIEF OPERATIONS
dc.subjectDISASTER MANAGEMENT
dc.subjectDEVASTATION
dc.subjectINSURANCE PREMIUM
dc.subjectWARNING SYSTEM
dc.subjectDISASTER EMERGENCY RESPONSE
dc.subjectFLOOD
dc.subjectEMERGENCY SERVICES
dc.subjectERUPTION
dc.subjectINSURANCE
dc.subjectINSURANCE PREMIUMS
dc.subjectSLUMS
dc.subjectEMERGENCY RESPONSE ACTIVITIES
dc.subjectLANDSLIDE
dc.subjectHURRICANE
dc.subjectRELIEF SUPPLIES
dc.subjectRISK
dc.subjectINDEMNITY
dc.subjectWIND SPEEDS
dc.subjectWARNING SYSTEMS
dc.subjectTROPICAL CYCLONES
dc.subjectDISASTER RISKS
dc.subjectSOUTHERN OSCILLATION
dc.subjectEMERGENCY MANAGEMENT
dc.subjectPHYSICAL DAMAGE
dc.subjectDISASTER RISK REDUCTION
dc.subjectATLANTIC HURRICANE
dc.subjectFOREST FIRES
dc.subjectVOLCANIC ERUPTION
dc.subjectINTERNATIONAL STRATEGY FOR DISASTER REDUCTION
dc.subjectFINANCIAL RISK
dc.subjectINSURANCE COMPANIES
dc.subjectEVACUATION
dc.subjectEXTREME EVENT
dc.subjectSAFETY
dc.subjectERUPTIONS
dc.subjectNATURAL HAZARDS
dc.subjectEMERGENCY RECOVERY LOANS
dc.subjectRELIEF EFFORTS
dc.subjectRISK ASSESSMENT
dc.subjectDISPLACED PERSONS
dc.subjectREINSURER
dc.subjectTORNADO
dc.subjectRISK ANALYSIS
dc.titleIndonesiaen
dc.title.subtitleAdvancing a National Disaster Risk Financing Strategy--Options for Considerationen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2015-07-10
okr.date.doiregistration2025-05-07T09:12:32.415814Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.docurlhttp://documents.worldbank.org/curated/en/2015/07/18191656/indonesia-advancing-national-disaster-risk-financing-strategy-options-consideration
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeFinance and Markets
okr.guid935821468268770927
okr.identifier.externaldocumentum090224b082f4904d_2_0
okr.identifier.internaldocumentum18191656
okr.identifier.report80846
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/06/18/090224b082f4904d/2_0/Rendered/PDF/Indonesia000Ad0ns0for0consideration.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryIndonesia
okr.sectorPublic Administration, Law, and Justice :: Public administration- Finance
okr.sectorFinance :: Non-compulsory pensions, insurance and contractual savings
okr.sectorFinance :: General finance sector
okr.themeSocial protection and risk management :: Natural disaster management
okr.topicEnvironment::Natural Disasters
okr.topicUrban Development::Hazard Risk Management
okr.topicConflict and Development::Disaster Management
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitFinance Markets - GP - IBRD (GFMDR)
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