Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration
This study presents options for a national disaster risk financing strategy in Indonesia, drawing heavily on international experience. The study discusses a series of complementary options for a national disaster risk financing strategy, based on a...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/07/18191656/indonesia-advancing-national-disaster-risk-financing-strategy-options-consideration http://hdl.handle.net/10986/22421 |
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okr-10986-22421 |
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| recordtype |
oai_dc |
| 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 TERRORISM EARLY WARNING SYSTEMS CATASTROPHIC EVENTS DISASTER ASSISTANCE EMERGENCY NEEDS DISASTER REHABILITATION RISKS RESCUE STORM DISASTER RECOVERY EARLY WARNING RELIEF OPERATION RISK REDUCTION WIND SPEED STORMS INSURER EXPLOSIONS BUILDING CODE DISASTER ACTIVITIES RECOVERY OPERATIONS SMOKE PRIVATE REINSURANCE DISASTER PRIVATE INSURANCE CONTINGENCY PLAN DAMAGES EMERGENCY RELIEF EMERGENCY ASSISTANCE DISASTER PREVENTION SAVING INFORMATION SYSTEMS DISASTER EVENTS EARTHQUAKES HURRICANES TSUNAMIS DISASTER EMERGENCY INSURANCE COMPANY ACCIDENT CATASTROPHIC EVENT DISASTER RELIEF REINSURERS SAVINGS HAIL STORM TSUNAMI RELIEF NATURAL DISASTER DISASTER MITIGATION VOLCANO DISASTER RESPONSE COMMERCIAL BANK FLOODS DONOR PLEDGES EARLY WARNING SYSTEM FLOODED DAMAGED HOUSES EMERGENCIES NATURAL DISASTERS VOLCANIC ERUPTIONS DISASTERS CRED INSURERS TORNADOS EMERGENCY RESPONSE FIRE EMERGENCY OPERATIONS LANDSLIDES ENSO DISASTER EVENT EMERGENCY SHELTERS BANKS EMERGENCY SHELTER TECHNOLOGY REINSURANCE DROUGHTS DAMAGE ASSESSMENT TROPICAL CYCLONE EARTHQUAKE DISASTER RECONSTRUCTION EMERGENCY DISASTER REDUCTION RELIEF ACTIVITIES DISASTER RISK CLIMATE CHANGE DROUGHT FIRES BANK EMERGENCY RECOVERY EXTREME EVENTS INSURANCE CONTRACTS EXTREME NATURAL DISASTER AGRICULTURAL INSURANCE EL NINO DECLARATION VICTIMS RISK EXPOSURE DAMAGE IMPACT OF DISASTERS INSURANCE CONTRACT INSURANCE INDUSTRY TROPICAL STORMS DISASTER INSURANCE VULNERABILITY TO DISASTERS DISASTER PREPAREDNESS RELIEF OPERATIONS DISASTER MANAGEMENT DEVASTATION INSURANCE PREMIUM WARNING SYSTEM DISASTER EMERGENCY RESPONSE FLOOD EMERGENCY SERVICES ERUPTION INSURANCE INSURANCE PREMIUMS SLUMS EMERGENCY RESPONSE ACTIVITIES LANDSLIDE HURRICANE RELIEF SUPPLIES RISK INDEMNITY WIND SPEEDS WARNING SYSTEMS TROPICAL CYCLONES DISASTER RISKS SOUTHERN OSCILLATION EMERGENCY MANAGEMENT PHYSICAL DAMAGE DISASTER RISK REDUCTION ATLANTIC HURRICANE FOREST FIRES VOLCANIC ERUPTION INTERNATIONAL STRATEGY FOR DISASTER REDUCTION FINANCIAL RISK INSURANCE COMPANIES EVACUATION EXTREME EVENT SAFETY ERUPTIONS NATURAL HAZARDS EMERGENCY RECOVERY LOANS RELIEF EFFORTS RISK ASSESSMENT DISPLACED PERSONS REINSURER TORNADO RISK ANALYSIS |
| spellingShingle |
FLOODING TERRORISM EARLY WARNING SYSTEMS CATASTROPHIC EVENTS DISASTER ASSISTANCE EMERGENCY NEEDS DISASTER REHABILITATION RISKS RESCUE STORM DISASTER RECOVERY EARLY WARNING RELIEF OPERATION RISK REDUCTION WIND SPEED STORMS INSURER EXPLOSIONS BUILDING CODE DISASTER ACTIVITIES RECOVERY OPERATIONS SMOKE PRIVATE REINSURANCE DISASTER PRIVATE INSURANCE CONTINGENCY PLAN DAMAGES EMERGENCY RELIEF EMERGENCY ASSISTANCE DISASTER PREVENTION SAVING INFORMATION SYSTEMS DISASTER EVENTS EARTHQUAKES HURRICANES TSUNAMIS DISASTER EMERGENCY INSURANCE COMPANY ACCIDENT CATASTROPHIC EVENT DISASTER RELIEF REINSURERS SAVINGS HAIL STORM TSUNAMI RELIEF NATURAL DISASTER DISASTER MITIGATION VOLCANO DISASTER RESPONSE COMMERCIAL BANK FLOODS DONOR PLEDGES EARLY WARNING SYSTEM FLOODED DAMAGED HOUSES EMERGENCIES NATURAL DISASTERS VOLCANIC ERUPTIONS DISASTERS CRED INSURERS TORNADOS EMERGENCY RESPONSE FIRE EMERGENCY OPERATIONS LANDSLIDES ENSO DISASTER EVENT EMERGENCY SHELTERS BANKS EMERGENCY SHELTER TECHNOLOGY REINSURANCE DROUGHTS DAMAGE ASSESSMENT TROPICAL CYCLONE EARTHQUAKE DISASTER RECONSTRUCTION EMERGENCY DISASTER REDUCTION RELIEF ACTIVITIES DISASTER RISK CLIMATE CHANGE DROUGHT FIRES BANK EMERGENCY RECOVERY EXTREME EVENTS INSURANCE CONTRACTS EXTREME NATURAL DISASTER AGRICULTURAL INSURANCE EL NINO DECLARATION VICTIMS RISK EXPOSURE DAMAGE IMPACT OF DISASTERS INSURANCE CONTRACT INSURANCE INDUSTRY TROPICAL STORMS DISASTER INSURANCE VULNERABILITY TO DISASTERS DISASTER PREPAREDNESS RELIEF OPERATIONS DISASTER MANAGEMENT DEVASTATION INSURANCE PREMIUM WARNING SYSTEM DISASTER EMERGENCY RESPONSE FLOOD EMERGENCY SERVICES ERUPTION INSURANCE INSURANCE PREMIUMS SLUMS EMERGENCY RESPONSE ACTIVITIES LANDSLIDE HURRICANE RELIEF SUPPLIES RISK INDEMNITY WIND SPEEDS WARNING SYSTEMS TROPICAL CYCLONES DISASTER RISKS SOUTHERN OSCILLATION EMERGENCY MANAGEMENT PHYSICAL DAMAGE DISASTER RISK REDUCTION ATLANTIC HURRICANE FOREST FIRES VOLCANIC ERUPTION INTERNATIONAL STRATEGY FOR DISASTER REDUCTION FINANCIAL RISK INSURANCE COMPANIES EVACUATION EXTREME EVENT SAFETY ERUPTIONS NATURAL HAZARDS EMERGENCY RECOVERY LOANS RELIEF EFFORTS RISK ASSESSMENT DISPLACED PERSONS REINSURER TORNADO RISK ANALYSIS World Bank Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration |
| geographic_facet |
East Asia and Pacific Indonesia |
| description |
This study presents options for a
national disaster risk financing strategy in Indonesia,
drawing heavily on international experience. The study
discusses a series of complementary options for a national
disaster risk financing strategy, based on a preliminary
fiscal risk analysis and a review of the current budget
management of natural disasters in Indonesia. It benefits
from the international experience of the World Bank, which
has assisted several countries in the design and
implementation of sovereign catastrophe risk financing
strategies. The rehabilitation and reconstruction fund is
the main budget instrument for the Government of Indonesia
(GoI) to finance public post-disaster expenditures, but it
is under-capitalized. This study presents an optimal
combination of risk-retention and risk transfer instruments
that could help the GoI increase its immediate financial
response capacity against natural disasters and better
protect its fiscal balance. Building on the three-tier risk
layering approach promoted by the World Bank and the
preliminary fiscal risk assessment analysis, the following
financial strategy could be considered by the GoI. This
strategy would provide the GoI with access to immediate
liquidity in the aftermath of a disaster at a competitive
cost. The strategy would allow the GoI to access up to
US$1.8 billion liquidity in the aftermath of a disaster in
order to finance immediate post-disaster expenditures, such
as grants for livelihood and low income housing
reconstruction. Preliminary disaster fiscal risk assessment
analysis shows that this would protect the GoI against
disasters occurring every 100 years. The implementation of a
national disaster risk financing strategy would require
significant institutional capacity building. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration |
| title_short |
Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration |
| title_full |
Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration |
| title_fullStr |
Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration |
| title_full_unstemmed |
Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration |
| title_sort |
indonesia : advancing a national disaster risk financing strategy--options for consideration |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/07/18191656/indonesia-advancing-national-disaster-risk-financing-strategy-options-consideration http://hdl.handle.net/10986/22421 |
| _version_ |
1764450926536425472 |
| spelling |
okr-10986-224212021-04-23T14:04:08Z Indonesia : Advancing a National Disaster Risk Financing Strategy--Options for Consideration World Bank FLOODING TERRORISM EARLY WARNING SYSTEMS CATASTROPHIC EVENTS DISASTER ASSISTANCE EMERGENCY NEEDS DISASTER REHABILITATION RISKS RESCUE STORM DISASTER RECOVERY EARLY WARNING RELIEF OPERATION RISK REDUCTION WIND SPEED STORMS INSURER EXPLOSIONS BUILDING CODE DISASTER ACTIVITIES RECOVERY OPERATIONS SMOKE PRIVATE REINSURANCE DISASTER PRIVATE INSURANCE CONTINGENCY PLAN DAMAGES EMERGENCY RELIEF EMERGENCY ASSISTANCE DISASTER PREVENTION SAVING INFORMATION SYSTEMS DISASTER EVENTS EARTHQUAKES HURRICANES TSUNAMIS DISASTER EMERGENCY INSURANCE COMPANY ACCIDENT CATASTROPHIC EVENT DISASTER RELIEF REINSURERS SAVINGS HAIL STORM TSUNAMI RELIEF NATURAL DISASTER DISASTER MITIGATION VOLCANO DISASTER RESPONSE COMMERCIAL BANK FLOODS DONOR PLEDGES EARLY WARNING SYSTEM FLOODED DAMAGED HOUSES EMERGENCIES NATURAL DISASTERS VOLCANIC ERUPTIONS DISASTERS CRED INSURERS TORNADOS EMERGENCY RESPONSE FIRE EMERGENCY OPERATIONS LANDSLIDES ENSO DISASTER EVENT EMERGENCY SHELTERS BANKS EMERGENCY SHELTER TECHNOLOGY REINSURANCE DROUGHTS DAMAGE ASSESSMENT TROPICAL CYCLONE EARTHQUAKE DISASTER RECONSTRUCTION EMERGENCY DISASTER REDUCTION RELIEF ACTIVITIES DISASTER RISK CLIMATE CHANGE DROUGHT FIRES BANK EMERGENCY RECOVERY EXTREME EVENTS INSURANCE CONTRACTS EXTREME NATURAL DISASTER AGRICULTURAL INSURANCE EL NINO DECLARATION VICTIMS RISK EXPOSURE DAMAGE IMPACT OF DISASTERS INSURANCE CONTRACT INSURANCE INDUSTRY TROPICAL STORMS DISASTER INSURANCE VULNERABILITY TO DISASTERS DISASTER PREPAREDNESS RELIEF OPERATIONS DISASTER MANAGEMENT DEVASTATION INSURANCE PREMIUM WARNING SYSTEM DISASTER EMERGENCY RESPONSE FLOOD EMERGENCY SERVICES ERUPTION INSURANCE INSURANCE PREMIUMS SLUMS EMERGENCY RESPONSE ACTIVITIES LANDSLIDE HURRICANE RELIEF SUPPLIES RISK INDEMNITY WIND SPEEDS WARNING SYSTEMS TROPICAL CYCLONES DISASTER RISKS SOUTHERN OSCILLATION EMERGENCY MANAGEMENT PHYSICAL DAMAGE DISASTER RISK REDUCTION ATLANTIC HURRICANE FOREST FIRES VOLCANIC ERUPTION INTERNATIONAL STRATEGY FOR DISASTER REDUCTION FINANCIAL RISK INSURANCE COMPANIES EVACUATION EXTREME EVENT SAFETY ERUPTIONS NATURAL HAZARDS EMERGENCY RECOVERY LOANS RELIEF EFFORTS RISK ASSESSMENT DISPLACED PERSONS REINSURER TORNADO RISK ANALYSIS This study presents options for a national disaster risk financing strategy in Indonesia, drawing heavily on international experience. The study discusses a series of complementary options for a national disaster risk financing strategy, based on a preliminary fiscal risk analysis and a review of the current budget management of natural disasters in Indonesia. It benefits from the international experience of the World Bank, which has assisted several countries in the design and implementation of sovereign catastrophe risk financing strategies. The rehabilitation and reconstruction fund is the main budget instrument for the Government of Indonesia (GoI) to finance public post-disaster expenditures, but it is under-capitalized. This study presents an optimal combination of risk-retention and risk transfer instruments that could help the GoI increase its immediate financial response capacity against natural disasters and better protect its fiscal balance. Building on the three-tier risk layering approach promoted by the World Bank and the preliminary fiscal risk assessment analysis, the following financial strategy could be considered by the GoI. This strategy would provide the GoI with access to immediate liquidity in the aftermath of a disaster at a competitive cost. The strategy would allow the GoI to access up to US$1.8 billion liquidity in the aftermath of a disaster in order to finance immediate post-disaster expenditures, such as grants for livelihood and low income housing reconstruction. Preliminary disaster fiscal risk assessment analysis shows that this would protect the GoI against disasters occurring every 100 years. The implementation of a national disaster risk financing strategy would require significant institutional capacity building. 2015-08-17T15:12:27Z 2015-08-17T15:12:27Z 2011-10 Report http://documents.worldbank.org/curated/en/2015/07/18191656/indonesia-advancing-national-disaster-risk-financing-strategy-options-consideration http://hdl.handle.net/10986/22421 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 :: Other Financial Sector Study East Asia and Pacific Indonesia |