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Financial resilience describes the ability of local governments to anticipate, absorb and react to shocks affecting their finances and service delivery. Resilience is the result of interactions in-between environmental conditions (institutional, economic and social context) local governments...
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vulnerability, reinforcement and prevention of risks for the affected inhabitants and the places where they live. Depending on the … situation, vulnerability is found in the quality or frequency of the following aspects: 1) travel between places of residence; 2 …
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vulnerability to the domestic and external shocks. …
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