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Natural Disasters: Mitigating Impact, Managing Risks

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  • Ms. Nicole Laframboise
  • Mr. Boileau Loko

Abstract

This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF’s role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided by the Fund to help governments put together a policy response or build a macro framework to lay the foundation for recovery and/or unlock other external financing. The literature and experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including identifying the risks and probability of natural disasters and integrating them more explicitly into macro frame-works, increasing flexibility within fiscal frameworks, and improving coordination amongst international partners ex post and ex ante.

Suggested Citation

  • Ms. Nicole Laframboise & Mr. Boileau Loko, 2012. "Natural Disasters: Mitigating Impact, Managing Risks," IMF Working Papers 2012/245, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2012/245
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    Cited by:

    1. Andrea Filippo Presbitero, 2013. "Aid and Vulnerability," Mo.Fi.R. Working Papers 88, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    2. Lee H. Endress & James A. Roumasset & Christopher A. Wada, 2020. "Do Natural Disasters Make Sustainable Growth Impossible?," Economics of Disasters and Climate Change, Springer, vol. 4(2), pages 319-345, July.
    3. Tom Deweerdt & Kristin Caltabiano & Paul Dargusch, 2022. "Original Research: How Will the TNFD Impact the Health Sector’s Nature-Risks Management?," IJERPH, MDPI, vol. 19(20), pages 1-10, October.
    4. Miles Parker, 2018. "The Impact of Disasters on Inflation," Economics of Disasters and Climate Change, Springer, vol. 2(1), pages 21-48, April.
    5. KeumJi Kim & SeongHwan Yoon, 2018. "Assessment of Building Damage Risk by Natural Disasters in South Korea Using Decision Tree Analysis," Sustainability, MDPI, vol. 10(4), pages 1-22, April.
    6. K. Mukherjee & B. Ouattara, 2021. "Climate and monetary policy: do temperature shocks lead to inflationary pressures?," Climatic Change, Springer, vol. 167(3), pages 1-21, August.
    7. Lanxi Li & Alan Woodley & Timothy Chappell, 2024. "Mapping Urban Floods via Spectral Indices and Machine Learning Algorithms," Sustainability, MDPI, vol. 16(6), pages 1-26, March.
    8. Palmer, Carolyn, 2014. "'Flood and fire and famine': Tax policy lessons from the Australian responses to natural disasters," Working Paper Series 18858, Victoria University of Wellington, Chair in Public Finance.
    9. Oscar Rodríguez-Espíndola & Juan Gaytán, 2015. "Scenario-based preparedness plan for floods," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 76(2), pages 1241-1262, March.
    10. Giulia Bettin & Alberto Zazzaro, 2018. "The Impact of Natural Disasters on Remittances to Low- and Middle-Income Countries," Journal of Development Studies, Taylor & Francis Journals, vol. 54(3), pages 481-500, March.
    11. José Armando Cobián Álvarez & Budy P. Resosudarmo, 2019. "The cost of floods in developing countries’ megacities: a hedonic price analysis of the Jakarta housing market, Indonesia," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 21(4), pages 555-577, October.
    12. Ezequiel Cabezon & Leni Hunter & Patrizia Tumbarello & Kazuaki Washimi & Yiqun Wu, 2019. "Enhancing macroeconomic resilience to natural disasters and climate change in the small states of the Pacific," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 33(1), pages 113-130, May.
    13. Xiaojia Bao & Jianan Li & Puyang Sun, 2019. "Typhoon, Earthquake and Food Price: Evidence from China," Working Papers 2019-07-08, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
    14. International Monetary Fund, 2015. "Haiti: Ex Post Assessment of Longer-Term Engagement," IMF Staff Country Reports 2015/004, International Monetary Fund.
    15. Floriza Gennari & Diana Arango & Anne-Marie Urban & Jennifer McCleary-Sills, 2015. "Violence Against Women and Girls : Disaster Risk Management Brief [Guía de recursos sobre la violencia contra las mujeres y las niñas : nota sectorial de gestión del riesgo de desastres]," World Bank Publications - Reports 21093, The World Bank Group.
    16. Palmer, Carolyn, 2014. "'Flood and fire and famine': Tax policy lessons from the Australian responses to natural disasters," Working Paper Series 3718, Victoria University of Wellington, Chair in Public Finance.
    17. Mr. Olumuyiwa S Adedeji & Mrs. Jana Bricco & Ms. Vera V Kehayova, 2016. "Natural Disasters and Food Crises in Low-Income Countries: Macroeconomic Dimensions," IMF Working Papers 2016/065, International Monetary Fund.
    18. Mr. Sebastian Acevedo Mejia, 2014. "Debt, Growth and Natural Disasters A Caribbean Trilogy," IMF Working Papers 2014/125, International Monetary Fund.
    19. Ionela-Daniela Găitan (Botezatu), 2020. "Comparative Analysis of Post-event Funding Sources," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 333-339, December.

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