 The Role of Other Actors in Promoting Post-Disaster Economic Recovery in Partnership with BanksChapter Chapter 5 in Banking Institutions and Natural Disasters, 2023, pp 99-137 from Palgrave Macmillan Abstract: Abstract The international community is constantly bringing to the public attention that disasters are becoming more expensive and are increasing poverty, especially in low and low- middle-income countries. The adaptation finance gap in developing countries is five to 10 times greater than the current international financial aid and continues to widen. Multilateral agencies such as the World Bank have launched several programs aiming at helping countries understand, manage, and reduce natural hazard risks. Various risk transfer mechanisms, such as insurance tools, are available and have proven successful. Many countries have introduced climate strategies and policies. Governments need to actively establish a risk reduction culture, which should incentivize investment in disaster resilience, understand climate projections by working closely with the scientific community, and target humanitarian assistance to the most vulnerable through grants or subsidized loans. Keywords: Disaster relief; Disaster risk management and reduction; Adaptation and mitigation finance; Climate risk retention and transfer instruments (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-031-36371-9_5 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-36371-9_5 Access Statistics for this chapter More chapters in Palgrave Studies in Impact Finance from Palgrave Macmillan |
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