IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2017-21.html
   My bibliography  Save this paper

A Review of Philippine Government Disaster Financing for Recovery and Reconstruction

Author

Listed:
  • Villacin, Deanna T.

Abstract

The study provides an assessment of the disaster risk financing mechanisms in the Philippines. It looks at the sources and levels of disaster financing specifically for recovery and reconstruction. It also looks at the adequacy and execution of the current disaster risk finance and insurance mechanisms. Case studies are presented showcasing detailed analysis at the sectoral level. The study notes that the government has been mainly relying on budget allocations to fund recovery and reconstruction. The uncertainties in terms of annual budget allocations and the protracted funds flow processes slow down reconstruction/rebuilding thus, adversely affecting economic recovery of disaster areas. To mitigate the impact of disaster, the government has to improve its overall disaster risk financing and insurance (DRFI) program. DRFI has to be anchored on an adequate, effective (in terms of implementation or execution), and efficient (i.e., cost efficient and timely) strategy. It requires government to combine the use of various financing and insurance instruments considering risk profile, fiscal position, and market conditions.

Suggested Citation

  • Villacin, Deanna T., 2017. "A Review of Philippine Government Disaster Financing for Recovery and Reconstruction," Discussion Papers DP 2017-21, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2017-21
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/a-review-of-philippine-government-disaster-financing-for-recovery-and-reconstruction
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2012. "Advancing Disaster Risk Financing and Insurance in ASEAN Member States : Framework and Options for Implementation, Volume 1. Main report," World Bank Publications - Reports 12627, The World Bank Group.
    2. World Bank, 2012. "Advancing Disaster Risk Financing and Insurance in ASEAN Member States : Framework and Options for Implementation, Volume 2. Technical Appendices," World Bank Publications - Reports 12628, The World Bank Group.
    3. Domingo, Sonny N., 2014. "Quick Response Funds and DRRM Resources in the Department of National Defense and Various Departments," Discussion Papers DP 2014-27, Philippine Institute for Development Studies.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brian Walsh & Stéphane Hallegatte, 2020. "Measuring Natural Risks in the Philippines: Socioeconomic Resilience and Wellbeing Losses," Economics of Disasters and Climate Change, Springer, vol. 4(2), pages 249-293, July.
    2. Abrigo , Michael R.M. & Brucal, Arlan, 2019. "National-to-Local Aid and Recovery from Extreme Weather Events: Evidence from the Philippines," ADB Economics Working Paper Series 598, Asian Development Bank.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. John Beirne & Nuobu Renzhi & Ulrich Volz, 2021. "Bracing for the Typhoon: Climate change and sovereign risk in Southeast Asia," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(3), pages 537-551, May.
    2. Aloysius G. Brata & Piet Rietveld & Henri L.F. de Groot & Budy P. Resosudarmo & Wouter Zant, 2014. "Living with the Merapi Volcano: Risks and Disaster Microinsurance," Departmental Working Papers 2014-13, The Australian National University, Arndt-Corden Department of Economics.
    3. Aloysius Gunadi Brata & Henri L. F. de Groot & Wouter Zant, 2018. "The Impact of the 2006 Yogyakarta Earthquake on Local Economic Growth," Economics of Disasters and Climate Change, Springer, vol. 2(2), pages 203-224, July.
    4. Aloysius Gunadi Brata & Henri L. F. de Groot & Piet Rietveld & Budy P. Resosudarmo & Wouter Zant, 2021. "Resilience toward Volcanic Eruptions: Risk Perception and Disaster Microinsurance in Yogyakarta, Indonesia," Sustainability, MDPI, vol. 13(16), pages 1-16, August.
    5. Fabio Pizzutilo & Elisabetta Venezia, 2018. "Are catastrophe bonds effective financial instruments in the transport and infrastructure industries? Evidence from international financial markets," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(2), pages 256-267, April.

    More about this item

    Keywords

    Philippines; disaster recovery and reconstruction; disaster financing; disaster risk finance and insurance;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2017-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.