Disaster Risk Finance: What actions for today and tomorrow?!

Blog by Alfonso Garcia Mora, World Bank Group

I had just arrived to Bali at a late hour in the evening to join the 2018 World Bank-IMF 6358578319_f8b77d314a_oannual meetings when our group, visitors from more than 189 countries along with Indonesians on the island and neighboring communities were acutely woken up at dawn with magnitude 6.4 quake that struck off the coast. Early reports by the National Disaster Mitigation Agency indicated extensive damage to infrastructure and loss of lives in the span of a few minutes. The Indonesian response that followed revealed the difference disaster risk finance can bring to families, economies and societies at large. I was humbled by what I experienced and what we can contribute -as an institution together with our partners- to manage these acute disasters more prudently, effectively and humanely.

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eC2: Development of Disaster Risk Finance Analytics Freeware Quantitative Tools

Deadline: 18-Dec-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

The DRFIP is undertaking a four-year DRF Analytics Project to improve the colombo2understanding and to increase the capacity of governments to take informed decisions on DRF based on sound financial analysis. The objective of the project will be achieved through four outcomes:
i. Governments understand their financial risk related to natural disasters;
ii. Governments employ efficient financial/actuarial analysis, such as cost-benefit analyses, in the development of DRF strategies;
iii. Improved financial capacity to meet financial needs immediately following natural disasters; and
iv. Increased capacity in Governments to monitor and evaluate DRF strategies. Under this project a suite of interactive DRF quantitative tools will be developed which can be adapted and applied to support capacity building and decision making in countries.

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Building Back Better: How to Cut Natural Disaster Losses by a Third

DgnheipUwAETCjh.jpgWASHINGTON, June 18, 2018When countries rebuild stronger, faster and more inclusively after natural disasters they can reduce the impact on people’s livelihoods and well-being by as much as 31 percent, potentially cutting global average losses from $555 billion to $382 billion per year. That’s the conclusion of a new report from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR), released today.

The report, Building Back Better: Achieving resilience through stronger, faster and more inclusive post-disaster reconstruction, assesses socioeconomic resilience and the impact of disasters on people’s well-being. It covers 149 countries, including 17 small island states, representing 95.5 percent of the world’s population.

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Ec2: Climate / Natural Disaster Risk Insurance: review and validation of financial & pricing models

Deadline: 01-Feb-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

Objective: IFC is seeking a third-party company with expertise in financial modeling (Vendor) to analyze, evaluate and validate the pricing and risk selection of a submitted insurance portfolio of climate and natural disaster risks in select Emerging Markets (the Portfolio) against IFC pre-defined criteria.

climate

 

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As Natural Disasters Rise, Countries Call for Action on Resilient Crisis Recovery Planning

STORY HIGHLIGHTSvn-communitybased-disasterrisk-780x439
  • Each year, natural disasters, compounded by climate change and conflict, cause more than $500 billion in losses
  • Yet governments, supported by the World Bank, increasingly understand that investing in disaster recovery enables them to “build back better”
  • The international community sees the World Reconstruction Conference (WRC3) as a call to action on recovery to make countries even more resilient to disasters

eConsultant:Consultancy Assignment for Natural Hazard Assessment for the Reconstruction of Critical Transport and Flood Protection Infrastructure

Deadline: 08-Jun-2016 at 11:59:59 PM (Eastern Time – Washington D.C.)

The objective of the assignment is to contribute to the increase of capacities of the Bangladeshi villagers repair a vital flood-protecting embankmentrelevant ministries and agencies of the Republic of Tajikistan in the adoption of the most appropriate and comprehensive natural hazard assessment approaches in designing more resilient transport and flood protection infrastructure.

The objective achievement is subject to reaching three specific results:
1. Hazard assessment completed for the selected bridge reconstruction sites.
2. Hazard assessment completed for the selected flood protection sites.
3. Recommendations for hazard assessment data monitoring requirements prepared.

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Staying a Step Ahead of a Natural Disaster: Can Innovation and Technology Help?

Last month a 7.8 magnitude earthquake in Ecuador left over 600 people dead and almost ThinkHazard-thirty thousand injured, with economic damages projected at more than $3 billion. Unfortunately, events like these are becoming all too commonplace. Impacts from natural disasters are on the rise, posing a growing threat to economies and the lives of millions of people around the world.

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