The Last Mile : Delivery Mechanisms for Post-Disaster Finance

The Last Mile : Delivery Mechanisms for Post-Disaster Finance

Governments now have access to a large and growing range of financing instruments for rapidlymobilizing funds in the aftermath of a disaster. Instruments like reserve funds, contingent linesof credit, and insurance programs are critical for financing relief, recovery and reconstruction efforts, and...

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Main Authors: Hallegatte, Stephane, Rentschler, Jun
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
NATURAL DISASTERS
POST-DISASTER FINANCE
DISASTER RISK MANAGEMENT
SOCIAL PROTECTION
INSURANCE
SOVEREIGN RISK
CATASTROPHE BONDS
FINANCIAL INCLUSION
Online Access:http://documents.worldbank.org/curated/en/813701537285938605/The-Last-Mile-Delivery-Mechanisms-for-Post-Disaster-Finance
http://hdl.handle.net/10986/30457
id okr-10986-30457
recordtype oai_dc
spelling okr-10986-304572021-05-25T09:18:26Z The Last Mile : Delivery Mechanisms for Post-Disaster Finance Hallegatte, Stephane Rentschler, Jun NATURAL DISASTERS POST-DISASTER FINANCE DISASTER RISK MANAGEMENT SOCIAL PROTECTION INSURANCE SOVEREIGN RISK CATASTROPHE BONDS FINANCIAL INCLUSION Governments now have access to a large and growing range of financing instruments for rapidlymobilizing funds in the aftermath of a disaster. Instruments like reserve funds, contingent linesof credit, and insurance programs are critical for financing relief, recovery and reconstruction efforts, and they have a demonstrated impact on the ability of governments to manage large-scale disasters. The availability of financial resources however, is only half of the story. The capacity of a government to support post-disaster recovery and reconstruction depends substantially on its ability to deliver these resources effectively to where they are needed. Doingso requires that governments are prepared before a disaster hits, with the right instruments, institutions, and capacities in place. By preparing contingency plans, defining responsibilities, adopting appropriate regulations and norms, enhancing financial inclusion and insurance regulations, and establishing flexible and gender-inclusive social protection systems, governments could improve the reconstruction process and generate over 173 billion dollars per year inbenefits. There are major synergies between the financial instruments that make the resources available and the systems that deliver these resources where they are needed. In the next few years, the design and implementation of new financial instruments will offer an unprecedented opportunity to improve the last-mile delivery of post-disaster support. This opportunity should not be missed. 2018-09-27T20:17:46Z 2018-09-27T20:17:46Z 2018-09-18 Working Paper http://documents.worldbank.org/curated/en/813701537285938605/The-Last-Mile-Delivery-Mechanisms-for-Post-Disaster-Finance http://hdl.handle.net/10986/30457 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic NATURAL DISASTERS
POST-DISASTER FINANCE
DISASTER RISK MANAGEMENT
SOCIAL PROTECTION
INSURANCE
SOVEREIGN RISK
CATASTROPHE BONDS
FINANCIAL INCLUSION
spellingShingle NATURAL DISASTERS
POST-DISASTER FINANCE
DISASTER RISK MANAGEMENT
SOCIAL PROTECTION
INSURANCE
SOVEREIGN RISK
CATASTROPHE BONDS
FINANCIAL INCLUSION
Hallegatte, Stephane
Rentschler, Jun
The Last Mile : Delivery Mechanisms for Post-Disaster Finance
description Governments now have access to a large and growing range of financing instruments for rapidlymobilizing funds in the aftermath of a disaster. Instruments like reserve funds, contingent linesof credit, and insurance programs are critical for financing relief, recovery and reconstruction efforts, and they have a demonstrated impact on the ability of governments to manage large-scale disasters. The availability of financial resources however, is only half of the story. The capacity of a government to support post-disaster recovery and reconstruction depends substantially on its ability to deliver these resources effectively to where they are needed. Doingso requires that governments are prepared before a disaster hits, with the right instruments, institutions, and capacities in place. By preparing contingency plans, defining responsibilities, adopting appropriate regulations and norms, enhancing financial inclusion and insurance regulations, and establishing flexible and gender-inclusive social protection systems, governments could improve the reconstruction process and generate over 173 billion dollars per year inbenefits. There are major synergies between the financial instruments that make the resources available and the systems that deliver these resources where they are needed. In the next few years, the design and implementation of new financial instruments will offer an unprecedented opportunity to improve the last-mile delivery of post-disaster support. This opportunity should not be missed.
format Working Paper
author Hallegatte, Stephane
Rentschler, Jun
author_facet Hallegatte, Stephane
Rentschler, Jun
author_sort Hallegatte, Stephane
title The Last Mile : Delivery Mechanisms for Post-Disaster Finance
title_short The Last Mile : Delivery Mechanisms for Post-Disaster Finance
title_full The Last Mile : Delivery Mechanisms for Post-Disaster Finance
title_fullStr The Last Mile : Delivery Mechanisms for Post-Disaster Finance
title_full_unstemmed The Last Mile : Delivery Mechanisms for Post-Disaster Finance
title_sort last mile : delivery mechanisms for post-disaster finance
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/813701537285938605/The-Last-Mile-Delivery-Mechanisms-for-Post-Disaster-Finance
http://hdl.handle.net/10986/30457
_version_ 1764472170907435008

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