European Parliament Library

Natural Disasters :, Mitigating Impact, Managing Risks, Nicole Laframboise, Boileau Loko

Natural Disasters :, Mitigating Impact, Managing Risks, Nicole Laframboise, Boileau Loko
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
Bibliography note
Includes bibliographical references
international or intergovernmental publication
Literary Form
non fiction
Main title
Natural Disasters :
Nature of contents
Oclc number
Responsibility statement
Nicole Laframboise, Boileau Loko
Series statement
IMF Working Papers
Sub title
Mitigating Impact, Managing Risks
Table Of Contents
B. New IMF FacilitiesIV. IMF Policy Support and Risk Management Options; A. Post-Catastrophe Policy Advice: Case Studies; B. Policies for Strengthening Resilience to Disasters; V. Concluding Remarks; Boxes; 1. Box 1: IMF Financing Facilities in 2012; Appendixes; I. Real GDP Growth and Central Government Fiscal Balance; II. Case Studies, Policy Response; References
Mapped to