Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources

This guidance note provides policy makers with an operational framework to establish an institutional mechanism for financing post-disaster recovery and reconstruction operations. It is based on international experience, in particular that of Mexic...

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Main Author:	World Bank
Format:	Brief
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	CONTINGENT LIABILITIES CATASTROPHIC EVENTS LINE OF CREDIT RISKS CAPITAL MARKETS LIABILITY STORM DISASTER RECOVERY RISK REDUCTION FINANCIAL MANAGEMENT FARMER INTERNATIONAL CREDIT GOVERNMENT FUNDING GOVERNMENT SPENDING OPTION LOCAL GOVERNMENTS INFORMATION LIQUIDITY PROGRAMS POLITICAL ECONOMY REVENUES DISASTER ACTIVITIES FINANCIAL STATEMENTS BONDS INCENTIVES MARKET INSTRUMENTS OUTBREAKS RECOVERY OPERATIONS BUDGET CONSTRAINTS DISASTER DAMAGES PRIVATE INSURANCE PUBLIC ASSETS EMERGENCY RELIEF EMERGENCY ASSISTANCE HURRICANES INSTRUMENTS BUDGET DISASTER RELIEF TSUNAMI RELIEF NATURAL DISASTER DISBURSEMENT DISASTER RESPONSE FLOODS RESOURCE MOBILIZATION FINANCES OPTIONS EMERGENCIES NATURAL DISASTERS CAPITAL MARKET DEBT MARKETS LOCAL GOVERNMENT DISASTERS TRANSFER RISK EMERGENCY RESPONSE NEGOTIATIONS LOANS FARMERS RESERVES INVENTORY INSURANCE COVERAGE LEGAL FRAMEWORK FINANCE BANK POLICY TAXES EXPENDITURE REINSURANCE DAMAGE ASSESSMENT TROPICAL CYCLONE EMERGENCY EARTHQUAKE DISASTER RECONSTRUCTION GOOD GOVERNMENT BUDGET DISASTER RISK TRANSPARENCY LOSSES BANK FEDERAL BUDGET CREDIT BUDGETS FINANCIAL INSTRUMENTS DECLARATION EXPENDITURES DAMAGE IMPACT OF DISASTERS RELIEF OPERATIONS MARKET FLOOD RISK TRANSFER INSURANCE LOSS RISK BOND INDEMNITY PUBLIC FINANCES TREATY DISASTER RISKS FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT INSURANCE COMPANIES UNDERINSURED MEDICINES LIABILITIES FINANCIAL EXPOSURE COVERAGE RISK ASSESSMENTS FIDUCIARY NATURAL HAZARDS SMALL BUSINESSES RISK ASSESSMENT DEVELOPMENT BANK BLANKETS RECONSTRUCTION RISK ANALYSIS DEBT RELIEF CATASTROPHE BOND
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24794186/financing-post-disaster-recovery-reconstruction-operations-developing-institutional-mechanism-ensure-effective-use-financial-resources-guidance-note http://hdl.handle.net/10986/22418

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spelling	okr-10986-224182021-04-23T14:04:08Z Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources World Bank CONTINGENT LIABILITIES CATASTROPHIC EVENTS LINE OF CREDIT RISKS CAPITAL MARKETS LIABILITY STORM DISASTER RECOVERY RISK REDUCTION FINANCIAL MANAGEMENT FARMER INTERNATIONAL CREDIT GOVERNMENT FUNDING GOVERNMENT SPENDING OPTION LOCAL GOVERNMENTS INFORMATION LIQUIDITY PROGRAMS POLITICAL ECONOMY REVENUES DISASTER ACTIVITIES FINANCIAL STATEMENTS BONDS INCENTIVES MARKET INSTRUMENTS OUTBREAKS RECOVERY OPERATIONS BUDGET CONSTRAINTS DISASTER DAMAGES PRIVATE INSURANCE PUBLIC ASSETS EMERGENCY RELIEF EMERGENCY ASSISTANCE HURRICANES INSTRUMENTS BUDGET DISASTER RELIEF TSUNAMI RELIEF NATURAL DISASTER DISBURSEMENT DISASTER RESPONSE FLOODS RESOURCE MOBILIZATION FINANCES OPTIONS EMERGENCIES NATURAL DISASTERS CAPITAL MARKET DEBT MARKETS LOCAL GOVERNMENT DISASTERS TRANSFER RISK EMERGENCY RESPONSE NEGOTIATIONS LOANS FARMERS RESERVES INVENTORY INSURANCE COVERAGE LEGAL FRAMEWORK FINANCE BANK POLICY TAXES EXPENDITURE REINSURANCE DAMAGE ASSESSMENT TROPICAL CYCLONE EMERGENCY EARTHQUAKE DISASTER RECONSTRUCTION GOOD GOVERNMENT BUDGET DISASTER RISK TRANSPARENCY LOSSES BANK FEDERAL BUDGET CREDIT BUDGETS FINANCIAL INSTRUMENTS DECLARATION EXPENDITURES DAMAGE IMPACT OF DISASTERS RELIEF OPERATIONS MARKET FLOOD RISK TRANSFER INSURANCE LOSS RISK BOND INDEMNITY PUBLIC FINANCES TREATY DISASTER RISKS FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT INSURANCE COMPANIES UNDERINSURED MEDICINES LIABILITIES FINANCIAL EXPOSURE COVERAGE RISK ASSESSMENTS FIDUCIARY NATURAL HAZARDS SMALL BUSINESSES RISK ASSESSMENT DEVELOPMENT BANK BLANKETS RECONSTRUCTION RISK ANALYSIS DEBT RELIEF CATASTROPHE BOND This guidance note provides policy makers with an operational framework to establish an institutional mechanism for financing post-disaster recovery and reconstruction operations. It is based on international experience, in particular that of Mexico due to its pioneering initiatives to develop comprehensive disaster risk management programs, including the fiscal management of disaster risks. The guidance note consists of six key steps to ensure effective procedures for resource mobilization, allocation, and execution. It serves as an outline for a series of six short notes, provided separately, which offer further detail on each of the six key steps. The six accompanying short notes provide guidance to: (i) quantify (implicit and explicit) contingent liabilities associated with natural disasters; (ii) formalize the process for declaration of disasters and financing contingent liabilities; (iii) clarify post-disaster financial responsibilities of the central and local governments; (iv) mobilize resources ex-ante through a DRM fund and financial protection strategy; (v) allocate resources based on damage and loss assessment methodology; and (vi) execute resources and coordinate efforts across the post-disaster recovery and reconstruction process. 2015-08-17T14:45:34Z 2015-08-17T14:45:34Z 2013-11 Brief http://documents.worldbank.org/curated/en/2015/07/24794186/financing-post-disaster-recovery-reconstruction-operations-developing-institutional-mechanism-ensure-effective-use-financial-resources-guidance-note http://hdl.handle.net/10986/22418 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	CONTINGENT LIABILITIES CATASTROPHIC EVENTS LINE OF CREDIT RISKS CAPITAL MARKETS LIABILITY STORM DISASTER RECOVERY RISK REDUCTION FINANCIAL MANAGEMENT FARMER INTERNATIONAL CREDIT GOVERNMENT FUNDING GOVERNMENT SPENDING OPTION LOCAL GOVERNMENTS INFORMATION LIQUIDITY PROGRAMS POLITICAL ECONOMY REVENUES DISASTER ACTIVITIES FINANCIAL STATEMENTS BONDS INCENTIVES MARKET INSTRUMENTS OUTBREAKS RECOVERY OPERATIONS BUDGET CONSTRAINTS DISASTER DAMAGES PRIVATE INSURANCE PUBLIC ASSETS EMERGENCY RELIEF EMERGENCY ASSISTANCE HURRICANES INSTRUMENTS BUDGET DISASTER RELIEF TSUNAMI RELIEF NATURAL DISASTER DISBURSEMENT DISASTER RESPONSE FLOODS RESOURCE MOBILIZATION FINANCES OPTIONS EMERGENCIES NATURAL DISASTERS CAPITAL MARKET DEBT MARKETS LOCAL GOVERNMENT DISASTERS TRANSFER RISK EMERGENCY RESPONSE NEGOTIATIONS LOANS FARMERS RESERVES INVENTORY INSURANCE COVERAGE LEGAL FRAMEWORK FINANCE BANK POLICY TAXES EXPENDITURE REINSURANCE DAMAGE ASSESSMENT TROPICAL CYCLONE EMERGENCY EARTHQUAKE DISASTER RECONSTRUCTION GOOD GOVERNMENT BUDGET DISASTER RISK TRANSPARENCY LOSSES BANK FEDERAL BUDGET CREDIT BUDGETS FINANCIAL INSTRUMENTS DECLARATION EXPENDITURES DAMAGE IMPACT OF DISASTERS RELIEF OPERATIONS MARKET FLOOD RISK TRANSFER INSURANCE LOSS RISK BOND INDEMNITY PUBLIC FINANCES TREATY DISASTER RISKS FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT INSURANCE COMPANIES UNDERINSURED MEDICINES LIABILITIES FINANCIAL EXPOSURE COVERAGE RISK ASSESSMENTS FIDUCIARY NATURAL HAZARDS SMALL BUSINESSES RISK ASSESSMENT DEVELOPMENT BANK BLANKETS RECONSTRUCTION RISK ANALYSIS DEBT RELIEF CATASTROPHE BOND
spellingShingle	CONTINGENT LIABILITIES CATASTROPHIC EVENTS LINE OF CREDIT RISKS CAPITAL MARKETS LIABILITY STORM DISASTER RECOVERY RISK REDUCTION FINANCIAL MANAGEMENT FARMER INTERNATIONAL CREDIT GOVERNMENT FUNDING GOVERNMENT SPENDING OPTION LOCAL GOVERNMENTS INFORMATION LIQUIDITY PROGRAMS POLITICAL ECONOMY REVENUES DISASTER ACTIVITIES FINANCIAL STATEMENTS BONDS INCENTIVES MARKET INSTRUMENTS OUTBREAKS RECOVERY OPERATIONS BUDGET CONSTRAINTS DISASTER DAMAGES PRIVATE INSURANCE PUBLIC ASSETS EMERGENCY RELIEF EMERGENCY ASSISTANCE HURRICANES INSTRUMENTS BUDGET DISASTER RELIEF TSUNAMI RELIEF NATURAL DISASTER DISBURSEMENT DISASTER RESPONSE FLOODS RESOURCE MOBILIZATION FINANCES OPTIONS EMERGENCIES NATURAL DISASTERS CAPITAL MARKET DEBT MARKETS LOCAL GOVERNMENT DISASTERS TRANSFER RISK EMERGENCY RESPONSE NEGOTIATIONS LOANS FARMERS RESERVES INVENTORY INSURANCE COVERAGE LEGAL FRAMEWORK FINANCE BANK POLICY TAXES EXPENDITURE REINSURANCE DAMAGE ASSESSMENT TROPICAL CYCLONE EMERGENCY EARTHQUAKE DISASTER RECONSTRUCTION GOOD GOVERNMENT BUDGET DISASTER RISK TRANSPARENCY LOSSES BANK FEDERAL BUDGET CREDIT BUDGETS FINANCIAL INSTRUMENTS DECLARATION EXPENDITURES DAMAGE IMPACT OF DISASTERS RELIEF OPERATIONS MARKET FLOOD RISK TRANSFER INSURANCE LOSS RISK BOND INDEMNITY PUBLIC FINANCES TREATY DISASTER RISKS FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT INSURANCE COMPANIES UNDERINSURED MEDICINES LIABILITIES FINANCIAL EXPOSURE COVERAGE RISK ASSESSMENTS FIDUCIARY NATURAL HAZARDS SMALL BUSINESSES RISK ASSESSMENT DEVELOPMENT BANK BLANKETS RECONSTRUCTION RISK ANALYSIS DEBT RELIEF CATASTROPHE BOND World Bank Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources
description	This guidance note provides policy makers with an operational framework to establish an institutional mechanism for financing post-disaster recovery and reconstruction operations. It is based on international experience, in particular that of Mexico due to its pioneering initiatives to develop comprehensive disaster risk management programs, including the fiscal management of disaster risks. The guidance note consists of six key steps to ensure effective procedures for resource mobilization, allocation, and execution. It serves as an outline for a series of six short notes, provided separately, which offer further detail on each of the six key steps. The six accompanying short notes provide guidance to: (i) quantify (implicit and explicit) contingent liabilities associated with natural disasters; (ii) formalize the process for declaration of disasters and financing contingent liabilities; (iii) clarify post-disaster financial responsibilities of the central and local governments; (iv) mobilize resources ex-ante through a DRM fund and financial protection strategy; (v) allocate resources based on damage and loss assessment methodology; and (vi) execute resources and coordinate efforts across the post-disaster recovery and reconstruction process.
format	Brief
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources
title_short	Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources
title_full	Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources
title_fullStr	Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources
title_full_unstemmed	Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources
title_sort	financing post-disaster recovery and reconstruction operations : developing an institutional mechanism to ensure the effective use of financial resources
publisher	Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/07/24794186/financing-post-disaster-recovery-reconstruction-operations-developing-institutional-mechanism-ensure-effective-use-financial-resources-guidance-note http://hdl.handle.net/10986/22418
_version_	1764451029403828224

Financing Post-Disaster Recovery and Reconstruction Operations : Developing an Institutional Mechanism to Ensure the Effective Use of Financial Resources

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