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growth driver, would be affected owing to widespread damages to the production systems in and around the earthquake area. …
Persistent link: https://www.econbiz.de/10011244864
Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction …. This paper first sets out the key stylized facts in the area-that the costs of disaster have been increasing, seem set to … dealing with disaster risk. Key sources of market failure include the difficulty of risk spreading and, perhaps even more …
Persistent link: https://www.econbiz.de/10005825906
This paper evaluates Sri Lanka’s Request for Emergency Assistance. The Sri Lankan authorities have requested a purchase in an amount of SDR 103.35 million under the IMF’s policy for emergency assistance related to natural disasters. In line with IMF policy for Poverty Reduction and...
Persistent link: https://www.econbiz.de/10005598820
disaster-prone areas of the world, it has one of the lowest levels of insurance coverage. This paper examines the vulnerability …
Persistent link: https://www.econbiz.de/10005599214
vulnerable, with the countries of the Eastern Caribbean standing out as among the most disaster-prone in the world. Natural …
Persistent link: https://www.econbiz.de/10005605190
The January 2010 earthquake represented a major setback for Haiti, after several years of improved economic performance …
Persistent link: https://www.econbiz.de/10011242533
This paper discusses a request from Samoa's authorities for a Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility (ESF-RAC). The tsunami that hit Samoa on September 29, 2009 has undercut Samoa’s economic resilience and prospects for a quick recovery from the...
Persistent link: https://www.econbiz.de/10011243288
natural disaster shocks in general tend not to be statistically significant, international assistance to low income countries … increases following geological disaster shocks. Furthermore, the results show that typically, other private capital flows (bank …
Persistent link: https://www.econbiz.de/10008560427
Economic activity is risky. Returns across economic sectors can be highly variable, potentially causing costly adjustments to consumption. However, when returns are imperfectly correlated across sectors and insurance is unavailable, diversification can reduce the economic impact of shocks....
Persistent link: https://www.econbiz.de/10005599518
experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including …
Persistent link: https://www.econbiz.de/10011242390