Natural disasters: mitigating impact, managing risks

This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF's role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided...

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Bibliographic Details
Main Author: LaFramboise, Nicole (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2012
Series:IMF Working Papers Working Paper No. 12/245
Subjects:
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Summary:This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF's role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided by the Fund to help governments put together a policy response or build a macro framework to lay the foundation for recovery and/or unlock other external financing. The literature and experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including identifying the risks and probability of natural disasters and integrating them more explicitly into macro frame-works, increasing flexibility within fiscal frameworks, and improving coordination amongst international partners ex post and ex ante
Item Description:Title from PDF title page (IMF Web site, viewed Oct. 11, 2012). - "External Relations Department, Western Hemisphere Department.". - "October 2012."
Physical Description:1 Online-Ressource (32 p)
ISBN:1475512716
9781475512717
9781475512786
1475512783
9781475512755
ISSN:1018-5941

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