Natural Disasters : Mitigating Impact, Managing Risks.
Title:
Natural Disasters : Mitigating Impact, Managing Risks.
Author:
Laframboise, Nicole.
ISBN:
9781475512755
Personal Author:
Physical Description:
1 online resource (33 pages)
Series:
IMF Working Papers
Contents:
Cover -- Contents -- List of Acronyms -- Executive Summary -- I. Introduction -- II. Macroeconomic Impact of Natural Disasters -- A. Incidence and Trends -- B. Damages, Costs, and Long-Term Welfare Losses -- III. IMF Financing Support -- A. IMF Financing -- B. New IMF Facilities -- IV. IMF Policy Support and Risk Management Options -- A. Post-Catastrophe Policy Advice: Case Studies -- B. Policies for Strengthening Resilience to Disasters -- V. Concluding Remarks -- References -- Tables -- 1. Case Studies―Disaster Estimates -- 2. Case Studies―IMF Financing -- Figures -- 1. Number of Natural Disasters, Worldwide -- 2. Total People Affected by Natural Disasters, Worldwide -- 3. Number of Natural Disasters -- 4. Average Number of People Affected as % of Population -- 5. Total Estimated Cost of Natural Disasters Worldwide -- 6. IMF Emergency Assistance -- Boxes -- 1. Box 1: IMF Financing Facilities in 2012 -- Appendixes -- I. Real GDP Growth and Central Government Fiscal Balance -- II. Case Studies, Policy Response.
Abstract:
This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF's role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided by the Fund to help governments put together a policy response or build a macro framework to lay the foundation for recovery and/or unlock other external financing. The literature and experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including identifying the risks and probability of natural disasters and integrating them more explicitly into macro frame-works, increasing flexibility within fiscal frameworks, and improving coordination amongst international partners ex post and ex ante.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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