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Disasters damage and destroy infrastructure and disrupt economic activities and services, potentially delaying long-term development and hampering efforts to reduce poverty in the region. Countries require a strong enabling environment for disaster risk financing to ensure the timely availability of post-disaster funding. This report presents a comprehensive diagnostics tool kit that countries can apply to assess the financial management of disaster risk. The framework examines the state of the enabling environment and provides a basis to enhance financial resilience with insurance and other risk transfer instruments. It incorporates lessons from the country diagnostics assessments for Fiji, Nepal, Pakistan, and Sri Lanka that made use of the tool kit and methodology.
Investing in Resilience: Ensuring a Disaster-Resistant Future focuses on the steps required to ensure that investment in disaster resilience happens and that it occurs as an integral, systematic part of development. At-risk communities in Asia and the Pacific can apply a wide range of policy, capacity, and investment instruments and mechanisms to ensure that disaster risk is properly assessed, disaster risk is reduced, and residual risk is well managed. Yet, real progress in strengthening resilience has been slow to date and natural hazards continue to cause significant loss of life, damage, and disruption in the region, undermining inclusive, sustainable development. Investing in Resilience offers an approach and ideas for reflection on how to achieve disaster resilience. It does not prescribe specific courses of action but rather establishes a vision of a resilient future. It stresses the interconnectedness and complementarity of possible actions to achieve disaster resilience across a wide range of development policies, plans, legislation, sectors, and themes. The vision shows how resilience can be accomplished through the coordinated action of governments and their development partners in the private sector, civil society, and the international community. The vision encourages “investors” to identify and prioritize bundles of actions that collectively can realize that vision of resilience, breaking away from the current tendency to pursue disparate and fragmented disaster risk management measures that frequently trip and fall at unforeseen hurdles. Investing in Resilience aims to move the disaster risk reduction debate beyond rhetoric and to help channel commitments into investment, incentives, funding, and practical action
Disaster events impact Asia and the Pacific more than any other region in the world. In light of current and future climate and disaster risks, there is an urgent need to address the region’s underinvestment in disaster risk and reduction. This publication aims to guide policy makers and other stakeholders on how to scale up disaster risk reduction financing in developing member countries of the Asian Development Bank. It provides an overview of financing opportunities—including instruments and mechanisms—as well as country case studies and practical tips for governments to implement enhanced disaster risk reduction.
The Government of Canada and the Asian Development Bank (ADB) established the Integrated Disaster Risk Management (IDRM) Fund in February 2013. The Fund was created to advance proactive integrated disaster risk management measures on a regional basis within ADB’s developing member countries in Southeast Asia, specifically, Cambodia, Indonesia, Lao People’s Democratic Republic, Myanmar, the Philippines, Thailand, and Viet Nam. During its operation, the IDRM Fund funded 19 technical assistance projects with both a gender-focused approach to IDRM and that reflect regional solutions that produce cross-border disaster management. This publication discusses the lessons learned from and achievements of the IDRM Fund.
A companion volume to Disaster Management, this book presents the results of an ADB study which represents a pioneering effort in the disaster mitigation field in Asia and the Pacific, with the objective of widening and deepening the pace of disaster mitigation in the region, and thus contributing to the welfare of its people.
'Catastrophe Risk Financing in Developing Countries' provides a detailed analysis of the imperfections and inefficiencies that impede the emergence of competitive catastrophe risk markets in developing countries. The book demonstrates how donors and international financial institutions can assist governments in middle- and low-income countries in promoting effective and affordable catastrophe risk financing solutions. The authors present guiding principles on how and when governments, with assistance from donors and international financial institutions, should intervene in catastrophe insurance markets. They also identify key activities to be undertaken by donors and institutions that would allow middle- and low-income countries to develop competitive and cost-effective catastrophe risk financing strategies at both the macro (government) and micro (household) levels. These principles and activities are expected to inform good practices and ensure desirable results in catastrophe insurance projects. 'Catastrophe Risk Financing in Developing Countries' offers valuable advice and guidelines to policy makers and insurance practitioners involved in the development of catastrophe insurance programs in developing countries.
This paper discusses how countries vulnerable to natural disasters can reduce the associated human and economic cost. Building on earlier work by IMF staff, the paper views disaster risk management through the lens of a three-pillar strategy for building structural, financial, and post-disaster (including social) resilience. A coherent disaster resilience strategy, based on a diagnostic of risks and cost-effective responses, can provide a road map for how to tackle disaster related vulnerabilities. It can also help mobilize much-needed support from the international community.
The Asia and Pacific region has seen tremendous economic and social progress since the 1960s. Yet, the region remains vulnerable to disaster risk that threatens its hard-won gains. Over the years, developing Asia has endured a growing number of disasters triggered by natural hazards. As a result, numerous lives, livelihoods, and communities have been damaged or lost. The coronavirus disease (COVID-19) pandemic is testament to the debilitating effects of such a disaster on people, businesses, and economies. Indeed, in 2020, developing Asia suffered its first economic contraction in 6 decades. Now more than ever, the region must find ways to reduce its vulnerability to hazards and build economic resilience.
Civil society organizations (CSOs) have played important roles over the years in the disaster field. Starting from the traditional approach of response and relief, the emphasis has gradually shifted to disaster risk reduction. From international nongovernmental organizations (NGOs) to national and local NGOs, all stakeholders have recognized the significance of and need for community-based risk reduction. In their different capacities they have endeavored to establish links to the policy options at the local and national levels. There still are many issues that remain untouched by CSOs, however, and local CSOs face special challenges in resources in terms of human, financial, and technical issues. Drawing examples from Asia, this book is structured on the roles of CSOs according to the Hyogo Framework for Action priority areas: policy making, risk assessment, education and training, underlying risk factors, and response–recovery. The primary target groups for this book are students and researchers in the fields of environment, disaster risk reduction, and climate change studies. The book provides a clear view of the current trends of research in the field and furnishes basic knowledge on these important topics. Another target group comprises practitioners and policy makers, who will be able to apply the knowledge collected here to policy and decision making.
Science and Technology in Disaster Risk Reduction in Asia: Potentials and Challenges provides both a local and global perspective on how to implement the Sendai Framework for Disaster Risk Reduction. Topics demonstrate the advancement of scientific research as it applies to early warning systems, including identifying risk and the strengthening of infrastructure for different types of hazards. Through different major disasters, it has become evident that there must be a balance between hard and soft technology and physical, process and social solutions. This book demonstrates how this has been successfully implemented in Asia, and how these applications can apply on a global basis. - Covers new research on the role of science in Disaster Risk Reduction and lessons learned when research has been applied - Utilizes case studies to outline the broader lessons learned - Focuses on the Sendai Framework, which was adopted in the Third UN World Conference in 2015