CONSIDERATIONS REGARDING THE NEED TO DEVELOP AND IMPLEMENT A NATURAL DISASTER RISK FINANCING STRATEGY IN ROMANIA

Gabriel Arthur Zelinschi
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Gabriel Arthur Zelinschi: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 219-225

Abstract: Natural disaster risk financing (1) provides, in small and medium-income countries, avoiding any major macroeconomic disruptions in case of natural disaster. Having insufficient resources, the establishment, allocation and use of the funds, without a financing strategy, determine the decrease of effectiveness of funds’ use due to the allocated amounts on political and bureaucratic criteria or their diversion from the set destinations. This article presents an analysis of the current limits the of natural disasters risk financing system in Romania and solutions for its improvement.

Keywords: financing strategy; financing sources; natural disaster; compulsory insurance; residual risk. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:219-225

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