Improving the Assessment of Disaster Risks to Strengthen Financial Resilience
A joint publication from the World Bank and the government of Mexico.
In 2011, the world witnessed record losses, estimated at up to US$380 billion, from disasters caused by natural hazards. Recent events have shown that no country―rich or poor―is immune to natural hazards. Addressing these rising losses is compelling leaders to develop more active approaches to disaster risk management. For this, countries need access to accurate risk information, to assess and integrate risk into decision-making and development planning. Information about risk is also useful to develop risk financing strategies that allow countries to increase their response capacity after disasters, while protecting their fiscal balance.
Read the paper here.