Assessing the Financial Vulnerability to Climate-Related Natural Hazards
There is increased concern about the rising costs from weather extremes. For financially vulnerable countries, there are three main implications: (i) efforts to reduce risk need to be seriously stepped up in order to reduce the serious human and financial burdens to the affected population, business...
| Main Authors: | , , , , |
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| Language: | English |
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Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/9048 |
| Summary: | There is increased concern about the rising costs from weather extremes. For financially vulnerable countries, there are three main implications: (i) efforts to reduce risk need to be seriously stepped up in order to reduce the serious human and financial burdens to the affected population, business and fiscal stance; (ii) there is a case for country risk aversion implying that disaster risks faced by some governments cannot be absorbed without major difficulty; (iii) without exception, all financially vulnerable countries due to their development status are very unlikely to be able to implement pre-disaster risk financing instruments themselves. In order to reduce their financial vulnerability by their own means, they require technical and financial assistance from the donor community. |
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