Fiscal Disaster Risk Assessment Options for Consideration

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Title: Fiscal Disaster Risk Assessment Options for Consideration
Abstract: The objective of the report is to raise awareness as to the financial impacts that natural disasters have on the budget of the Government of Pakistan (GoP), and to form the basis for a continued dialogue between the GoP and the World Bank on the potential development of a strategy for financing disaster losses. The study presents a series of complementary options for development of a national disaster risk financing strategy, based on a preliminary fiscal risk analysis and a preliminary review of the current budget management of natural disasters in Pakistan. The recommendations provided in this document are therefore a starting point for a collaborative discussion with the Government of Pakistan on the potential development of a broad DRFI program that would equip the Ministry of Finance with additional instruments to manage the contingent liability posed by disasters. This report follows a request from the Government for advisory services from the World Bank in the areas of disaster risk identification and the resulting fiscal impacts on the state.

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: March 1, 2015, 2:40 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: Pakistan
Approved: No
Published: Yes
Featured: No
DOI: None
Attribution: None

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