This report presents an analysis conducted by the World Bank to assess macro-fiscal impacts of earthquakes and floods in European Union (EU) Member States (MS), analyze the financial instruments in place to manage this risk and identify any associated funding gaps. The analysis is underpinned by...

This portfolio review, led by the Global Facility for Disaster Reduction and Recovery's (GFDRR) Disaster-FCV Nexus thematic area, aims to contribute to the GFDRR's overarching objective to help low- and middle-income countries understand and reduce their vulnerability to natural hazards and...

Governments face growing contingent liabilities from disasters as they tend to shoulder a significant share of disaster response and recovery costs. Disaster shocks increase government expenditure and hamper economic activities. An increasing number of countries are developing financial...

This report forms part of the World Bank's technical assistance project undertaken with the European Commission's Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) and financed under the Union Civil Protection Mechanism (UCPM) Annual Work Program 2020....

The World Bank Treasury's Reserve Advisory and Management Partnership (RAMP) conducted its third survey on reserve management practices in 2021. One hundred and nineteen central banks, from different regions, income groups, and reserve levels, contributed to the survey, which included questions...

This report forms part of the World Bank's technical assistance project undertaken with the European Commission's Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) and financed under the Union Civil Protection Mechanism (UCPM) Annual Work Program 2020....

Implicit contingent liabilities, such as those generated by natural disasters, are often not quantified in the government balance sheet. However, when they materialize, they place pressure on government finances that may raise interest expenditures and financial risks. Understanding the impacts...

The Algeria Disaster Risk Management Diagnostic was developed as part of World Bank technical assistance to the Algerian government. The diagnostic offers a concise overview of the country's disaster risk profile, delves into the macroeconomic implications of disasters, outlines Algeria's...

The World Bank Group prepared this report, Climate Change in APEC: Assessing Risks, Preparing Financial Markets, and Mobilizing Institutional Investors to inform policymakers, financial sector regulators, and investors from across APEC member economies about the interconnected climate change...