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...

The 2008 crisis marked the beginning of a lost decade for many countries - and many people - in the European Union (EU). The crises of 2008 and 2012 halted, and in some countries undid, a decade of growth and economic convergence across the EU. This report argues that the economic shocks...

Tropical Cyclone (TC) Seroja impacted Timor-Leste with heavy torrential rains over a 24-hour period on April 4, 2021, with an average intensity of over 14 millimeters per hour and a peak intensity of over 70 millimeters per hour. The heavy precipitation and the country's natural topography led...

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...

At the moment, a child born in Uganda will be only 38 percent as productive when she grows up as she can be if she enjoyed complete education and full health, according to the human capital index (HCI) one of the lowest levels in the world. It will be necessary to ensure that the growing...

Enhancing Competitiveness in the Face of Disasters presents the case to government decision-makers, tourism private sector stakeholders, and development partners that the industry must act urgently to integrate resilience as a core component of its competitiveness agenda. Its objectives are to:...

Industries create jobs, catalyze investments, and bring technological advancement to a country. However, as industries expand across borders and become increasingly complex, so do their risks, including impacts from disasters and climate change. Disasters,1 including earthquakes and extreme...

Industrial activity creates jobs, catalyzes investments and innovation, and raises standards of living in many countries. As climate change, and natural disasters intensify, so too does the risk environment for industry activity. More recently, a viral pandemic has threatened industries and...