Financing Disaster Risk Reduction for Sustainable Development in Asia and the Pacific (original) (raw)

Abstract

The paper discusses how resources are used for disaster risk management. It looks at two specific financing tools - parametric insurance and international risk pooling mechanisms - for countries to consider for DRR purposes. Both tools have the potential to significantly reduce disaster risks at multiple levels of society. The first chapter briefly looks at the impacts of natural disasters on sustainable development in Asia and the Pacific as well as the effectiveness of DRR investments. This is followed by an overview of current DRR efforts made by governments and international donors from a financing perspective. The third and fourth chapters give detailed descriptions and analysis of parametric insurance schemes and international risk pooling mechanisms respectively.

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