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Enabling Factors for Financing and Implementing Postdisaster Operations

Author

Listed:
  • Mochizuki, Junko

    (International Institute for Applied Systems Analysis)

  • Hallwright, Joshua

    (RMIT University)

  • Handmer, John

    (RMIT University)

Abstract

As the economic costs of disasters increase in Asia, recent years have seen wide adoption of policy instruments to support disaster resilience. Many of these instruments—such as sovereign insurance, contingency credit, reserve funds, and forecast-based financing—are designed to provide predictable access to finance in case of catastrophic disasters. Yet providing timely access is only one of the many issues that must be addressed for the complex postdisaster operation to function. Reviewing recent experiences—such as the 2015 earthquake in Nepal, the 2015 Cyclone Pam in Vanuatu, and the 2010 flood in Pakistan—this study first describes the governance complexity commonly seen in the postdisaster contexts, complexities such as the acute inflow of new actors and competing operational objectives. We then identify the potential opportunities, as well as the limitations, of existing financing arrangements in facilitating disaster resilience. In conclusion, we outline five recommendations to building enabling environments.

Suggested Citation

  • Mochizuki, Junko & Hallwright, Joshua & Handmer, John, 2019. "Enabling Factors for Financing and Implementing Postdisaster Operations," ADB Economics Working Paper Series 594, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0594
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    File URL: https://www.adb.org/sites/default/files/publication/533436/ewp-594-financing-implementing-postdisaster-operations.pdf
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    Citations

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    Cited by:

    1. Stefan Hochrainer-Stigler & Qinhan Zhu & Alessio Ciullo & Jonas Peisker & Bart Hurk, 2023. "Differential Fiscal Performances of Plausible Disaster Events: A Storyline Approach for the Caribbean and Central American Governments under CCRIF," Economics of Disasters and Climate Change, Springer, vol. 7(2), pages 209-229, July.
    2. Dunz, Nepomuk & Tanaka, Hajime & Shiiba, Nagisa & Mochizuki, Junko & Naqvi, Asjad, 2021. "Building Back Better in Small Island Developing States in the Pacific: Initial Insights from the BinD Model of Disaster Risk Management Policy Options in Fiji," ADBI Working Papers 1290, Asian Development Bank Institute.

    More about this item

    Keywords

    disaster resilience; disaster risk finance; governance;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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