Fiscal Buffers for Natural Disasters in Pacific Island Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Buffers for Natural Disasters in Pacific Island Countries write by Hidetaka Nishizawa. This book was released on 2019-07-12. Fiscal Buffers for Natural Disasters in Pacific Island Countries available in PDF, EPUB and Kindle. Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spending pressures to address post-disaster relief and recovery efforts. This paper estimates the effects of severe natural disasters on fiscal revenues and expenditure in PICs. These are combined with information on the frequency of large disasters to calculate the rate of budgetary savings needed to build appropriate fiscal buffers. Fiscal buffers provide self-insurance against natural disaster shocks and facilitate quick disbursement for recovery and relief efforts, and protection of spending on essential services and infrastructure. The estimates can provide a benchmark for policymakers, and should be adjusted to take into account other sources of financing, as well as budget risks from less severe as well as more frequent disasters.
The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness
The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness write by Dongyeol Lee. This book was released on 2018-05-10. The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness available in PDF, EPUB and Kindle. Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on economic development. This paper identifies the intensity of natural disasters for each country in the Pacific based on the distribution of damage and population affected by disasters, and estimates the impact of disasters on economic growth and international trade using a panel regression. The results show that “severe” disasters have a significant and negative impact on economic growth and lead to a deterioration of the fiscal and trade balance. We also find that the negative impact on growth is stronger for more intense disasters. Going further this paper proposes a simple and consistent method to adjust IMF staff’s economic projections and debt sustainability analysis for disaster shocks for the Pacific islands. Better incorporating the economic impact of natural disasters in the medium- and long-term economic planning would help policy makers improve fiscal policy decisions and to be better adapted and prepared for natural disasters.
Fiscal Buffers for Natural Disasters in Pacific Island Countries
Fiscal Buffers for Natural Disasters in Pacific Island Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Buffers for Natural Disasters in Pacific Island Countries write by Hidetaka Nishizawa. This book was released on 2019-07-12. Fiscal Buffers for Natural Disasters in Pacific Island Countries available in PDF, EPUB and Kindle. Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spending pressures to address post-disaster relief and recovery efforts. This paper estimates the effects of severe natural disasters on fiscal revenues and expenditure in PICs. These are combined with information on the frequency of large disasters to calculate the rate of budgetary savings needed to build appropriate fiscal buffers. Fiscal buffers provide self-insurance against natural disaster shocks and facilitate quick disbursement for recovery and relief efforts, and protection of spending on essential services and infrastructure. The estimates can provide a benchmark for policymakers, and should be adjusted to take into account other sources of financing, as well as budget risks from less severe as well as more frequent disasters.
Vanuatu
Vanuatu - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Vanuatu write by International Monetary Fund. Asia and Pacific Dept. This book was released on 2019-06-13. Vanuatu available in PDF, EPUB and Kindle. Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight. The authorities are now focused on implementing their broader development plans that were slowed by the rebuilding process, which will require fiscal discipline and reforms to maintain debt sustainability. The authorities should continue their constructive engagement with development partners for technical assistance, capacity development, and concessional and grant-based funding. In parallel continuing to reform and strengthen the governance of institutions and removing vulnerabilities to corruption will be important.
Unlocking Access to Climate Finance for Pacific Island Countries
Unlocking Access to Climate Finance for Pacific Island Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Unlocking Access to Climate Finance for Pacific Island Countries write by Ms. Manal Fouad. This book was released on 2021-09-24. Unlocking Access to Climate Finance for Pacific Island Countries available in PDF, EPUB and Kindle. This departmental paper provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds.
