Small States Resilience to Natural Disasters and Climate Change - Role for the IMF - 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 Small States Resilience to Natural Disasters and Climate Change - Role for the IMF write by International Monetary Fund. This book was released on 2016-07-11. Small States Resilience to Natural Disasters and Climate Change - Role for the IMF available in PDF, EPUB and Kindle. Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP—more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as greater vulnerability to severe disasters. About 9 percent of disasters in small states involve damage of more than 30 percent of GDP, compared to less than 1 percent for larger states. Greater exposure to disasters has important macroeconomic effects on small states, resulting in lower investment, lower GDP per capita, higher poverty, and a more volatile revenue base.
Building Resilience in Developing Countries Vulnerable to Large Natural Disasters
Building Resilience in Developing Countries Vulnerable to Large Natural Disasters - 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 Building Resilience in Developing Countries Vulnerable to Large Natural Disasters write by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2019-06-19. Building Resilience in Developing Countries Vulnerable to Large Natural Disasters available in PDF, EPUB and Kindle. This paper discusses how countries vulnerable to natural disasters can reduce the associated human and economic cost. Building on earlier work by IMF staff, the paper views disaster risk management through the lens of a three-pillar strategy for building structural, financial, and post-disaster (including social) resilience. A coherent disaster resilience strategy, based on a diagnostic of risks and cost-effective responses, can provide a road map for how to tackle disaster related vulnerabilities. It can also help mobilize much-needed support from the international community.
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.
Seychelles
Seychelles - 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 Seychelles write by International Monetary Fund. African Dept.. This book was released on 2017-06-20. Seychelles available in PDF, EPUB and Kindle. This paper takes stock of Seychelles’ plans to manage climate change, from the perspective of its macroeconomic implications. It suggests macro-relevant reforms that could strengthen the plans’ likelihood of success. It highlights high public awareness and a body of existing sustainable development planning, which puts Seychelles several steps ahead toward preparedness. Next steps would be to ensure that climate change planning is integrated with the forthcoming National Development Plan. Disaster preparedness is a relatively strong point, but there is much still to be done—from improving warning systems to resilience building to contingency financing.
Building Resilience to Natural Disasters: An Application to Small Developing States
Building Resilience to Natural Disasters: An Application to Small Developing States - 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 Building Resilience to Natural Disasters: An Application to Small Developing States write by Ricardo Marto. This book was released on 2017-10-30. Building Resilience to Natural Disasters: An Application to Small Developing States available in PDF, EPUB and Kindle. We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of productivity, inefficiencies during the reconstruction process, and damages to the sovereign's creditworthiness. We use the model to study the debt sustainability concerns that arise from the need to rebuild public infrastructure over the medium term and analyze the feasibility of ex ante policies, such as building adaptation infrastructure and fiscal buffers, and contrast these policies with the post-disaster support provided by donors. Investing in resilient infrastructure may prove useful, in particular if it is viewed as complementary to standard infrastructure, because it raises the marginal product of private capital, crowding in private investment, while helping withstand the impact of the natural disaster. In an application to Vanuatu, we find that donors should provide an additional 50% of pre-cyclone GDP in grants to be spent over the following 15 years to ensure public debt remains sustainable following Cyclone Pam. Helping the government build resilience on the other hand, reduces the risk of debt distress and at lower cost for donors.
