Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management
35 Pages Posted: 20 Apr 2016
Date Written: April 21, 2004
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.
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