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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...
Persistent link: https://www.econbiz.de/10012646437
This report presents an analysis conducted by the World Bank to assess macro-fiscal impacts of earthquakes and floods …
Persistent link: https://www.econbiz.de/10012603726
The World Bank Treasury's Reserve Advisory and Management Partnership (RAMP) conducted its third survey on reserve … represent the views of the International Bank for Reconstruction and Development and World Bank and its affiliated organizations … or those of the Executive Directors of the World Bank or the governments they represent …
Persistent link: https://www.econbiz.de/10012700674
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...
Persistent link: https://www.econbiz.de/10012700730
The Algeria Disaster Risk Management Diagnostic was developed as part of World Bank technical assistance to the … World Bank and the National Delegation for Major Risks (DNRM) under the Algerian Ministry of Interior, Local Authorities and … correspondences, and recommendations from World Bank experts …
Persistent link: https://www.econbiz.de/10014516800
trends in World Bank (WBG) Disaster Risk Management (DRM) activities in Fragility, Conflict and Violence (FCV) countries over …
Persistent link: https://www.econbiz.de/10014454271
The world faces a triple crisis of three interconnected issues-development, climate, and nature― and current levels of … World Bank launched the Country Climate and Development Report (CCDR) in 2022. This core diagnostic tool aims to help … global climate change challenge. The first set of CCDRs covered only 10 percent of the world’s tropical forests, but the …
Persistent link: https://www.econbiz.de/10014579000
The 2007 financial crisis has exposed major weaknesses in global financial systems, including the threat to financial stability posed by banks that were too big, interconnected and complex to be closed or go bankrupt. As a result, many banks have been rescued using public support, allowing for...
Persistent link: https://www.econbiz.de/10012247959
In the aftermath of the 2007/08 financial crisis, and lacking sufficient coordinated guidelines or legislation, measures to address failing financial institutions in European Union (EU) Member States were taken at national level. In an effort to improve cross border coordination as well as to...
Persistent link: https://www.econbiz.de/10012247960
Disasters associated with the impact of natural hazards have had adverse social and fiscal effects on Panama over time, and the Government of Panama (GoP) is therefore committed to strengthening the financial management of disaster risks. Actions taken by the GoP in financial management of...
Persistent link: https://www.econbiz.de/10012564414