Insuring Public Finances Against Natural Disasters : A Survey of Options and Recent Initiatives / David Hofman, Patricia Brukoff.

Format:

Book

Government document

Author/Creator:

Hofman, David.

Contributor:

Brukoff, Patricia.

International Monetary Fund. Policy Development and Review Department.

Series:

IMF Working Papers; Working Paper ; No. 2006/199

IMF Working Papers

Language:

English

Subjects (All):

Finance, Public.

Natural disasters--Economic aspects.

Natural disasters.

Physical Description:

1 online resource (24 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

Natural disasters can put severe strain on public finances, in particular in developing and small countries. But catastrophe insurance markets increasingly offer opportunities for the transfer of such risks. Thus far, developing countries have only tepidly begun to tap these opportunities. More frequent and intensive use of insurance markets may be desirable because it could help introduce an important element of predictability in the post-disaster public finances of disaster-prone developing countries. Against this background, the paper surveys the various available insurance modalities and reviews recent initiatives in developing and emerging market countries. It also identifies some key challenges for the insurance community, donors, and international financial institutions (IFIs).

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. FISCAL PRESSURES AND INSURANCE: OVERVIEW""; ""III. MODALITIES OF INSURANCE""; ""IV. CHALLENGES AHEAD""; ""V. CONCLUDING REMARKS""; ""REFERENCES""

Notes:

"August 2006".

Description based on print version record.

ISBN:

9786613827449

9781462310449

1462310443

9781452789491

1452789495

9781283514996

1283514990

9781451992151

1451992157

OCLC:

694141194