Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management

35 Pages Posted: 20 Apr 2016  

Eugene Gurenko

World Bank

Rodney R. Lester

World Bank

Date Written: April 21, 2004

Abstract

Gurenko and Lester provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the key policy and technical issues involved in building financially sustainable catastrophe risk transfer and funding programs in disaster prone countries and their links to risk mitigation. They also deal with the cognitive and political economy issues that are likely to arise and ways to accommodate them.

This paper - a product of the Financial Sector Operations and Policy Department - is part of a larger effort in the department to develop modern risk management approaches at the country level.

Suggested Citation

Gurenko, Eugene and Lester, Rodney R., Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management (April 21, 2004). World Bank Policy Research Working Paper No. 3278. Available at SSRN: https://ssrn.com/abstract=610323

Eugene Gurenko

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Rodney R. Lester (Contact Author)

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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