Publication: FONDEN: Mexico's Natural Disaster Fund--A Review
Date
2012-05
ISSN
Published
2012-05
Author(s)
World Bank
Abstract
FONDEN (Natural Disasters Fund),
Mexico's fund for natural disasters, was established in
the late 1990s as a mechanism to support the rapid
rehabilitation of federal and state infrastructure affected
by adverse natural events. FONDEN was first created as a
budget line in the Federal expenditure budget of 1996, and
became operational in 1999. Funds from FONDEN could be used
for the rehabilitation and reconstruction of: 1) public
infrastructure at the three levels of government (federal,
state, and municipal); 2) low-income housing; and 3) certain
components of the natural environment. FONDEN consists of
two complementary budget accounts, the FONDEN program for
reconstruction and FOPREDEN program for prevention, and
their respective financial accounts. The FONDEN program for
reconstruction is FONDEN's primary budget account. It
channels resources from the federal expenditure budget to
specific reconstruction programs. The FOPREDEN program for
prevention supports disaster prevention by funding
activities related to risk assessment, risk reduction, and
capacity building on disaster prevention. The FONDEN system
is continuously evolving to integrate lessons learned over
the course of years of experience.
Citation
“World Bank. 2012. FONDEN : Mexico's Natural Disaster Fund--A Review. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/26881 License: CC BY 3.0 IGO.”