- Title
- Building Morocco's Resilience: Inputs for an Integrated Risk Strategy
- License
- Public Domain (PD)
-
+ Works in the public domain may be used freely without the permission of the former copyright owner.
+ For more info see http://www.copyright.gov/help/faq/faq-definitions.html. - Abstract
- "Over the last few decades, risk management has evolved from a technical exercise to something much more strategic: a fundamental change in terms of how to think about and best improve risk resilience. This transformation began in the private sector but is now increasingly being adopted in the public sector, including at the level of heads of governments. Towards the goal of strengthening Morocco’s resilience to spe- cific internal and external shocks, a broad initiative is being undertaken by the Government of Morocco (GoM) to devel- op a national strategy for integrated risk management (IRM). Through this initiative, Morocco aims to approach selected key risks the country faces in a more holistic manner—rather than looking at risks in “silos” (if at all) as has traditionally been the case. Thus far, this integrated approach has focused on three key risks: (i) natural disasters; (ii) commodity (en- ergy) price volatility; and (iii) risks in the agriculture sector. These were selected by the GoM based on a preliminary risk identification phase which determined that they had high cu- mulative political, economic and social impacts, even though it was explicitly understood that additional risks (such as fi- nancial sector risk) are equally important systemically, and could over time become part of the ‘integration’ process. These risks were also identified by the GoM as elements on which it wanted to work together with the World Bank. Given time and resource constraints, it was decided at the outset of this activity to build a solid foundation on a few key risks for which advanced risk assessments could be completed, in particular in the area of natural disasters. Clearly, the selection of the three risks is only a first step: in the longer term, and with stronger risk-management in- stitutions that the GoM now intends to establish, the GoM will be able to include more risks in its integrated analy- sis of and approach to risk management. As such, this ini- tial phase needs to be seen as part of a dynamic process in which the scope of risk management measures can be broadened over time. This initiative began at the end of 2008 and has been sup- ported by the World Bank and a core team of advisors, by the Global Facility for Disaster Reduction and Recovery (GFDRR), by the Swiss Agency for Development and Coop- eration (SDC), by the Trust Fund for Environmentally & So- cially Sustainable Development (TFESSD) and by the FIRST (Financial Sector Reform and Strengthening) initiative. The work on disaster risk and disaster risk financing constitutes the largest part of the work financed by and conducted under the supervision of the World Bank and donors. The World Bank also conducted initial analyses for commodity price (energy) volatility risk, albeit to date less extensively. For risks in the agriculture sector, the World Bank engaged in ongoing dialogue with key stakeholders but did not com- mission specific analytical work (and as such the present re- port does not convey the full analysis that has been already conducted by Morocco in the agriculture sector). This report is for the GoM as an input for its strategy for integrated risk management. It also serves as a summary of the results of the collaboration of the GoM with the World Bank (extensive other documentation is also available) This report may also be of interest to other governments, as an example of good practices and the step-by-step actions re- quired to develop a national risk management strategy."
- Publication Date
- Dec. 1, 2013, 12:03 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
- Morocco
- Responsible
- andy
- Language
- English
- Supplemental Information
- river_flood, drought, tsunami, earthquake
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