Disaster Risk Management and Fiscal Policy: Entry Points for Finance Ministries

摘要: This chapter reflects on the benefits of disaster risk management (DRM) in context fiscal policy and public investment. Of particular interest is question how those charge decisions can recognise realise economic broader DRM. We consider interplay between DRM investment provide an overview current debate as well assessment methods, tools options. Standard practice has been to focus direct liabilities recurrent spending, dealing costs disasters often only after fact. Their full have thus not budgeted for; with a price signal missing, there lack clear incentives for investing DRM.The discussion traces progress by focusing strongly analytics practice. Overall, we identify four steps, being pursued deliberately: (1) assessing relevance finance; (2) protecting finance through risk-financing—examining insurance-related instruments that support protection position (first dividend resilience); (3) comprehensively managing risk, including reduction preparedness they affect development (second (4) pursuing synergistic co-benefits strategy concurrently risks promoting (third resilience).