Economic Impact of the 2007 Earthquake in the Water and Sanitation Sector in Four Provinces of Peru : What Did Unpreparedness Cost the Country?
Between 1996 and 2005, natural catastrophic events had an estimated cost of US$575.2 billion world-wide. In particular, it has been observed that developing countries are relatively more affected by such events, since its gross domestic product (GD...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2011/05/14572213/disaster-risk-management-water-sanitation-economic-impact-2007-earthquake-water-sanitation-sector-four-provinces-peru-unpreparedness-cost-country http://hdl.handle.net/10986/17292 |
| Summary: | Between 1996 and 2005, natural
catastrophic events had an estimated cost of US$575.2
billion world-wide. In particular, it has been observed that
developing countries are relatively more affected by such
events, since its gross domestic product (GDP) have showed
sharper declines than developed countries' ratios. On
August 15, 2007, an earthquake measuring 7.9 on the Richter
scale shook the southern part of the central coast of Peru,
with devastating consequences. Given the magnitude of the
damage caused, one wonders how much less the cost of
rehabilitating water and sanitation systems might have been
if public investment projects and management of urban
utilities (companies in charge of the water and sanitation
provision), had incorporated disaster risk reduction
measures. For this reason, and because this is a key public
sector service for the wellbeing of population, the World
Bank's water and sanitation program commissioned Apoyo
Consultoria S.A.C. to conduct a research on the water and
sanitation sector in order to attend the following inquiry:
how much unpreparedness cost to the sector providing water
and sanitation services? In other words, in economic terms,
what will have been the gain to society or the
reconstruction savings if risk prevention measures had been
included in the management of services in the sector
proposed for the analysis? |
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