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 …

vulnerable, with the countries of the Eastern Caribbean standing out as among the most disaster-prone in the world. Natural …

discusses ex ante and ex post issues affecting disaster risk management. It also assesses how both types of measures can be …