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Small States Resilience to Natural Disasters and Climate Change : Role for the IMF

International Monetary Fund - 2016

Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP-more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as...

Persistent link: https://www.econbiz.de/10014408600

Large Natural Disasters : Enhancing the Financial Safety Net for Developing Countries

International Monetary Fund - 2017

The Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) are valuable components of the disaster risk … access limits of 60 percent of quota under the RCF and RFI for countries experiencing severe natural disaster-related damages …. The focus of this paper is to specify the threshold of damage from a natural disaster that would allow members …

Persistent link: https://www.econbiz.de/10014408736

Catastrophe Containment and Relief Trust-Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

International Monetary Fund - 2020

This paper proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief to 28 of the 29 members, covering the period October 14, 2020 through April 13, 2021, given staff's assessment that sufficient financial resources are available.2 In this...