While the occurrence of natural events can not be prevented, there is a possibility to reduce the vulnerability of populations through risk management. The IDB Action Plan for natural disaster risk reduction of 2000 included recommendations in two important areas: (i) planning with the purpose...

This report examines some of the implications of price risk and volatility, and weather risks in the LAC region that are important threats to already vulnerable populations. It considers the advantages and limitations of a set of financial instruments for managing these risks; and identifies...

This study follows an analytical risk management process that begins by identifying the major hazards to which the countries of Latin America and the Caribbean are exposed. It then outlines the risk exposures related to these hazards, evaluates opportunities for risk transfer and presents...

This technical paper analyzes the potential practical application of financial instruments for natural hazard risk finance and transfer in Latin America. The study first presents an overview of the role of financing and risk transfer in disaster risk management. It then investigates the sources...