Country Note: Fiji — geonode-gfdrrlab.org

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Title: Country Note: Fiji
Abstract: This note aims to build understanding of the existing disaster risk financing and insurance (DRFI) tools in use in Fiji and to identify gaps where potential engagement could further develop financial resilience. In addition the note aims to encourage peer exchange of regional knowledge, specifically by encouraging dialogue on past experiences, lessons learned, optimal use of these financial tools, and the effect they may have on the execution of post-disaster funds. In 2012 alone Fiji experienced three major events with estimated total damage of F$146 million (US$78 million) (Government of Fiji 2013c). These include the severe flooding in January in the areas of Ra, Tavua, Ba, Lautoka, Nadi, Nadroga, Sigatoka, and Rewa; even more intense flooding in these same areas in March; and Tropical Cyclone (TC) Evan in December. The government of Fiji estimated that damage from the 2012 floods was approximately F$71 million (US$38 million). Fiji is expected to incur, on average over the long term, annual losses of F$158 million (US$85 million) due to earthquakes and F$1,500 million (US$806 million) and a 10 percent chance of a loss exceeding F$3,000 million (US$1.6 billion)(PCRAFI 2011).

License: Public Domain (PD); + Works in the public domain may be used freely without the permission of the former copyright owner.

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Publication Date: Feb. 1, 2015, 2:57 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: Fiji
Approved: No
Published: Yes
Featured: No
DOI: None
Attribution: None

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