- Title
- Options for Disaster Risk Financing in Brazil
- Abstract
- "This study presents options for disaster risk financing in Brazil, drawing from international experience. The study presents a series of complementary options for disaster risk financing, based on a preliminary fiscal risk analysis and a preliminary review of the current budget management of natural disasters in Brazil. It benefits from the international experience of the World Bank, which has provided assistance to several countries on the design and implementation of sovereign disaster risk financing strategies (e.g. Mexico, Colombia, Peru, Indonesia, Vietnam, Philippines, Pakistan and the Caribbean island states). This experience is tailored to the extensive risk profile and institutional, social and economic characteristics of Brazil, as well as to the availability of relevant data. Brazil is exposed to several adverse natural events, the most recurrent being of a hydro-meteorological nature, namely drought, severe rainfall and landslides. The high population density in urban areas is the main determinant of vulnerability to natural hazards in the country, largely driven by the poor land use and planning that characterizes Brazilian cities. Since 2008, extreme weather events have caused several major disasters in Brazil, leading State and Federal Governments to prioritize the strengthening of Di- saster Risk Management (DRM) practices in their agendas. While the number of recorded disasters has grown significantly, both the human and economic losses associated with these occurrences have also increased over the past five years. However, since the country is exposed to recurrent small-scale events1, whose negative financial impacts tend to be localized in specific cities or regions, the impacts of these events have been overlooked for decades. While the cumulative effects generate major economic and fiscal losses, little is known about the extent to which these disasters affect the economies and welfare of the people."
- Publication Date
- July 1, 2014, 1:05 p.m.
- Category
- Geoscientific Information
- information pertaining to earth sciences. Examples: geophysical features and processes, geology, minerals, sciences dealing with the composition, structure and origin of the earth s rocks, risks of earthquakes, volcanic activity, landslides, gravity information, soils, permafrost, hydrogeology, erosion
- Regions
- Brazil
- Responsible
- andy
- Maintenance Frequency
- There Are No Plans To Update The Data
- Language
- English
- Supplemental Information
- landslide, river_flood
Comments (0 total)
Log in to add a comment