Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk
Disasters resulting from natural hazards represent an important challenge for Colombia’s fiscal sustainability and stability. Colombia is one of the countries with the highest recurrence rate of disasters caused by natural hazards in Latin America....
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| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/07/24794195/colombia-policy-strategy-public-financial-management-natural-disaster-risk http://hdl.handle.net/10986/22414 |
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okr-10986-224142021-04-23T14:04:08Z Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk World Bank FLOODING INDEMNITY INSURANCE CONTINGENT LIABILITIES REINSURANCE RISKS REGULATIONS EMERGENCY EARTHQUAKE DISASTER REDUCTION DISASTER RISK FINANCIAL MANAGEMENT INFORMATION SYSTEM INTEREST PUBLIC POLICIES LOSSES SUSTAINABILITY BANK CREDIT INDUSTRY STRATEGIES PROGRAMS INFORMATION SERVICES DECLARATION HOUSING DAMAGE INSURANCE POLICIES PROPERTY MANDATES INSURANCE INDUSTRY VULNERABILITY TO DISASTERS DISASTER PROJECTS PRIVATE INSURANCE DAMAGES EMERGENCY RELIEF PHYSICAL DAMAGES RISK TRANSFER PUBLIC DEBT DISASTER EVENTS ERUPTION EARTHQUAKES MUNICIPALITIES CREDIT RISK INSURANCE LOSS MACROECONOMIC STABILITY LANDSLIDE RISK INSURANCE RELIEF RISK NATURAL DISASTER MITIGATION INDEMNITY DISASTER RESPONSE RISK DIVERSIFICATION DISASTER RISKS FLOODS RISK MANAGEMENT NATURAL DISASTERS VOLCANIC ERUPTIONS DEBT INTERNATIONAL STRATEGY FOR DISASTER REDUCTION FINANCIAL RISK DISASTERS LIABILITY MANAGEMENT FIRE LOANS LANDSLIDES LIABILITIES RESERVES COVERAGE ERUPTIONS INSURANCE COVERAGE NATURAL HAZARDS PRICES RISK ASSESSMENT FINANCE RECONSTRUCTION RISK MITIGATION INFRASTRUCTURE RISK ANALYSIS CONTINGENT LIABILITY Disasters resulting from natural hazards represent an important challenge for Colombia’s fiscal sustainability and stability. Colombia is one of the countries with the highest recurrence rate of disasters caused by natural hazards in Latin America. As the country’s population and economy continue to grow, so will the economic losses resulting from such events, an average of 600 disaster events are reported each year. Colombia’s rate of economic growth is increasing the base of assets exposed to disaster risks, which may lead to significant increases in losses, particularly if investments in new assets are not accompanied by plans for mitigating disaster risk. This document presents the priority policy objectives that have been established to assess, reduce, and manage fiscal risk due to natural disasters. It also describes the MHCP’s efforts to progress its policy objectives in the long term. These policy objectives represent the MHCP’s ex-ante policy framework regarding management of financial and fiscal disaster risk. 2015-08-17T14:27:42Z 2015-08-17T14:27:42Z 2013 Report http://documents.worldbank.org/curated/en/2015/07/24794195/colombia-policy-strategy-public-financial-management-natural-disaster-risk http://hdl.handle.net/10986/22414 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Risk and Vulnerability Assessment Colombia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
FLOODING INDEMNITY INSURANCE CONTINGENT LIABILITIES REINSURANCE RISKS REGULATIONS EMERGENCY EARTHQUAKE DISASTER REDUCTION DISASTER RISK FINANCIAL MANAGEMENT INFORMATION SYSTEM INTEREST PUBLIC POLICIES LOSSES SUSTAINABILITY BANK CREDIT INDUSTRY STRATEGIES PROGRAMS INFORMATION SERVICES DECLARATION HOUSING DAMAGE INSURANCE POLICIES PROPERTY MANDATES INSURANCE INDUSTRY VULNERABILITY TO DISASTERS DISASTER PROJECTS PRIVATE INSURANCE DAMAGES EMERGENCY RELIEF PHYSICAL DAMAGES RISK TRANSFER PUBLIC DEBT DISASTER EVENTS ERUPTION EARTHQUAKES MUNICIPALITIES CREDIT RISK INSURANCE LOSS MACROECONOMIC STABILITY LANDSLIDE RISK INSURANCE RELIEF RISK NATURAL DISASTER MITIGATION INDEMNITY DISASTER RESPONSE RISK DIVERSIFICATION DISASTER RISKS FLOODS RISK MANAGEMENT NATURAL DISASTERS VOLCANIC ERUPTIONS DEBT INTERNATIONAL STRATEGY FOR DISASTER REDUCTION FINANCIAL RISK DISASTERS LIABILITY MANAGEMENT FIRE LOANS LANDSLIDES LIABILITIES RESERVES COVERAGE ERUPTIONS INSURANCE COVERAGE NATURAL HAZARDS PRICES RISK ASSESSMENT FINANCE RECONSTRUCTION RISK MITIGATION INFRASTRUCTURE RISK ANALYSIS CONTINGENT LIABILITY |
| spellingShingle |
FLOODING INDEMNITY INSURANCE CONTINGENT LIABILITIES REINSURANCE RISKS REGULATIONS EMERGENCY EARTHQUAKE DISASTER REDUCTION DISASTER RISK FINANCIAL MANAGEMENT INFORMATION SYSTEM INTEREST PUBLIC POLICIES LOSSES SUSTAINABILITY BANK CREDIT INDUSTRY STRATEGIES PROGRAMS INFORMATION SERVICES DECLARATION HOUSING DAMAGE INSURANCE POLICIES PROPERTY MANDATES INSURANCE INDUSTRY VULNERABILITY TO DISASTERS DISASTER PROJECTS PRIVATE INSURANCE DAMAGES EMERGENCY RELIEF PHYSICAL DAMAGES RISK TRANSFER PUBLIC DEBT DISASTER EVENTS ERUPTION EARTHQUAKES MUNICIPALITIES CREDIT RISK INSURANCE LOSS MACROECONOMIC STABILITY LANDSLIDE RISK INSURANCE RELIEF RISK NATURAL DISASTER MITIGATION INDEMNITY DISASTER RESPONSE RISK DIVERSIFICATION DISASTER RISKS FLOODS RISK MANAGEMENT NATURAL DISASTERS VOLCANIC ERUPTIONS DEBT INTERNATIONAL STRATEGY FOR DISASTER REDUCTION FINANCIAL RISK DISASTERS LIABILITY MANAGEMENT FIRE LOANS LANDSLIDES LIABILITIES RESERVES COVERAGE ERUPTIONS INSURANCE COVERAGE NATURAL HAZARDS PRICES RISK ASSESSMENT FINANCE RECONSTRUCTION RISK MITIGATION INFRASTRUCTURE RISK ANALYSIS CONTINGENT LIABILITY World Bank Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk |
| geographic_facet |
Colombia |
| description |
Disasters resulting from natural hazards
represent an important challenge for Colombia’s fiscal
sustainability and stability. Colombia is one of the
countries with the highest recurrence rate of disasters
caused by natural hazards in Latin America. As the country’s
population and economy continue to grow, so will the
economic losses resulting from such events, an average of
600 disaster events are reported each year. Colombia’s rate
of economic growth is increasing the base of assets exposed
to disaster risks, which may lead to significant increases
in losses, particularly if investments in new assets are not
accompanied by plans for mitigating disaster risk. This
document presents the priority policy objectives that have
been established to assess, reduce, and manage fiscal risk
due to natural disasters. It also describes the MHCP’s
efforts to progress its policy objectives in the long term.
These policy objectives represent the MHCP’s ex-ante policy
framework regarding management of financial and fiscal
disaster risk. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk |
| title_short |
Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk |
| title_full |
Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk |
| title_fullStr |
Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk |
| title_full_unstemmed |
Colombia : Policy Strategy for Public Financial Management of Natural Disaster Risk |
| title_sort |
colombia : policy strategy for public financial management of natural disaster risk |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/07/24794195/colombia-policy-strategy-public-financial-management-natural-disaster-risk http://hdl.handle.net/10986/22414 |
| _version_ |
1764451021066600448 |