Fiscal Disaster Risk Assessment Options for Consideration : Pakistan
Pakistan is vulnerable to a number of adverse natural events and has experienced a wide range of disasters over the past 40 years, including floods, earthquakes, droughts, cyclones, and tsunamis. The World Bank is supporting the Government of Pakis...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/03/24381663/fiscal-disaster-risk-assessment-options-consideration-pakistan http://hdl.handle.net/10986/21920 |
| Summary: | Pakistan is vulnerable to a number of
adverse natural events and has experienced a wide range of
disasters over the past 40 years, including floods,
earthquakes, droughts, cyclones, and tsunamis. The World
Bank is supporting the Government of Pakistan (GoP) in
building capacity in the area of disaster risk management
(DRM) in order to build resilience from both humanitarian
and fiscal shocks associated with natural disasters. The
World Bank is providing technical assistance to the GoP for
the development of a national disaster risk financing
strategy. This non-lending technical assistance aims to: (i)
assess the fiscal exposure of the GoP to natural disasters;
(ii) present options for the development of a national
strategy to improve financial response capacity for natural
disasters; and (iii) promote property catastrophe risk
insurance for both public and private dwellings. Disaster
risk financing and insurance (DRFI) is one of the five
pillars in the proactive and strategic framework for DRM
promoted by the World Bank. The World Bank has been
promoting a proactive and strategic framework for DRM based
on five pillars: (i) risk identification; (ii) risk
reduction; (iii) preparedness; (iv) financial protection;
and (v) resilient recovery. Chapter one is introduction.
Chapter two presents an overview of the budget processes for
the financing of natural disaster losses during each of the
three post-disaster phases. Chapter three provides a
preliminary financial disaster risk assessment for Pakistan,
focusing particularly on the fiscal impact of natural
disasters. Chapter four presents an overview of the private
catastrophe insurance market; and chapter five reviews the
options for future financing of natural disaster recovery
and reconstruction expenditures. |
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