Governmental Financial Resilience

Author : Ileana Steccolini
Publisher : Emerald Group Publishing
ISBN 13 : 1787149153
Total Pages : 256 pages
Book Rating : 4.51/5 ( download)

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Download or read book Governmental Financial Resilience written by Ileana Steccolini and published by Emerald Group Publishing. This book was released on 2017-06-07 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a unique insight into the ways local governments have maintained financial resilience in light of the significant challenges posed by the era of austerity. Taking an international perspective, it provides a practical analysis of the different capacities and responses that local governments deploy to cope with financial shocks.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264801197
Total Pages : 135 pages
Book Rating : 4.96/5 ( download)

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Download or read book Building Financial Resilience to Climate Impacts A Framework for Governments to Manage the Risks of Losses and Damages written by OECD and published by OECD Publishing. This book was released on 2022-12-08 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments are facing significant climate-related risks from the expected increase in frequency and intensity of cyclones, floods, fires, and other climate-related extreme events. The report Building Financial Resilience to Climate Impacts: A Framework for Governments to Manage the Risks of Losses and Damages provides a strategic framework to help governments, particularly those in emerging market and developing economies, strengthen their capacity to manage the financial implications of climate-related risks.

Author : Noreen Clancy
Publisher :
ISBN 13 : 9781977410962
Total Pages : 0 pages
Book Rating : 4.60/5 ( download)

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Download or read book Improving the FINANCIAL RESILIENCE of Public Entities and Individuals for Natural Disasters written by Noreen Clancy and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individuals and state and local governments (public entities) incur losses associated with natural disasters. For individuals, there are costs associated with evacuating, possible periods of unemployment, and costs associated with physical damage caused by the event, much of which is uninsured loss. Similarly, public entities incur damage to public buildings and public utilities and tax base losses associated with reduced economic activity. Although an entire community experiences a natural disaster, low-income communities and communities of color are disproportionately vulnerable to the risks of natural hazards and encounter the most difficulty in recovering from disasters. The U.S. federal government provides funds for disaster response and recovery for both individuals and public entities. However, federal assistance is limited, and financial gaps remain. The authors of this report do not make policy recommendations but rather provide a resource documenting programs and products that some communities have adopted to help improve individual and community financial resilience. Many of these products are available from the private sector, and others are programs developed by public entities or nongovernmental organizations. Improving the financial resilience of public entities and individuals after a natural disaster strengthens and speeds up a community's ability to recover.

Author :
Publisher :
ISBN 13 : 9789264924468
Total Pages : 0 pages
Book Rating : 4.69/5 ( download)

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Download or read book Building Financial Resilience to Climate Impacts written by and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments are facing significant climate-related risks from the expected increase in frequency and intensity of cyclones, floods, fires, and other climate-related extreme events. The report Building Financial Resilience to Climate Impacts: A Framework for Governments to Manage the Risks of Losses and Damages provides a strategic framework to help governments, particularly those in emerging market and developing economies, strengthen their capacity to manage the financial implications of climate-related risks. The goal of the framework is to support sound public financial management strategies that take into account budgetary and financing constraints, and to foster broader actions at the national and international levels. The report examines the role of governments in identifying and assessing climate-related physical risks and their impacts on public finances, and reporting climate-related fiscal risks to promote transparency in public financial management. It discusses how to mitigate those risks through protecting households and businesses, and developing integrated multipronged financial strategies to fund government expenditure needs. Finally, it calls for promoting integrated strategies to strengthen financial resilience at the country and regional levels, and for mobilising development co-operation to strengthen global climate financial resilience.

Author : Weltbankgruppe
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.75/5 ( download)

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Download or read book Boosting Financial Resilience to Disaster Shocks written by Weltbankgruppe and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments face growing contingent liabilities from disasters as they tend to shoulder a significant share of disaster response and recovery costs. Disaster shocks increase government expenditure and hamper economic activities. An increasing number of countries are developing financial protection strategies - a suite of policies and financial instruments - as part of their macro-fiscal policy to secure access to pre-arranged financing and protect the fiscal balance and budget when disasters strike. Investments in physical and social resilience complement and reinforce financial resilience. Pre-arranged risk financing can help governments reduce the fiscal cost of disasters. Sovereign catastrophe risk pools, established to help especially low-capacity countries better access financial markets, are evolving toward multifunctional platforms to strengthen financial resilience in their region. Governments are moving toward adopting more sophisticated risk financing strategies that better match financial instruments to their liabilities, especially for public assets (including infrastructure), national-subnational cost sharing, and social safety nets. New technology and innovations such as Earth Observation Data, Fintech, and big data have the potential to significantly enhance and boost systems for financial resilience against disaster shocks. Development partners continue to play a critical role in helping developing countries improve their financial protection strategies. Recent experiences of G20 countries and others have led to three new frontiers on innovative crisis and disaster risk finance. Although significant progress has been achieved in disaster risk finance, some limitations and challenges remain. All successful reforms start with concrete first steps and an ongoing focus on enhancing fundamental systems and institutions. Financial resilience requires the leadership of ministries of finance in coordination with other public agencies and the private sector. At the request of G20 Finance Track members, this discussion note was prepared to: (i) take stock of the developments in fiscal management of disaster risks within the broader macro-fiscal framework; (ii) highlight recent progress by individual countries and the international community; and (iii) present new frontiers in disaster risk finance.

Author : Markus Brunnermeier
Publisher : Harper Collins
ISBN 13 : 9354893856
Total Pages : 339 pages
Book Rating : 4.58/5 ( download)

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Download or read book The Resilient Society written by Markus Brunnermeier and published by Harper Collins. This book was released on 2022-03-27 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Financial Times Best Book of the Year for 2021 People in a resilient society are able to bounce back from shocks, such as pandemics and economic crises. Lacking resilience, societies, families and individuals can reach tipping points from which they cannot recover. The Resilient Society by Princeton University economist Markus Brunnermeier describes how individuals, institutions and nations can successfully navigate a dynamic, globalized economy filled with unknown risks. The author applies his macroeconomic insights to public health, innovation, public debt overhang, innovation, inequality, climate change and challenges to the global order, offering ground-breaking blueprints for the reconstruction of societies and economies in a post-Covid world. Written for business leaders, economists, policymakers and politically interested citizens, the book argues that the concept of resilience can be a compass for developing a social contract that benefits all people.

Author : Asli Demirguc-Kunt
Publisher : World Bank Publications
ISBN 13 : 1464812683
Total Pages : 148 pages
Book Rating : 4.82/5 ( download)

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Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Author : Ileana Steccolini
Publisher : Emerald Group Publishing
ISBN 13 : 1787142639
Total Pages : 256 pages
Book Rating : 4.33/5 ( download)

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Download or read book Governmental Financial Resilience written by Ileana Steccolini and published by Emerald Group Publishing. This book was released on 2017-06-07 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a unique insight into the ways local governments have maintained financial resilience in light of the significant challenges posed by the era of austerity. Taking an international perspective, it provides a practical analysis of the different capacities and responses that local governments deploy to cope with financial shocks.

Author : World Bank Group
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.81/5 ( download)

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Download or read book Boosting Financial Resilience to Disaster Shocks written by World Bank Group and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments face growing contingent liabilities from disasters as they tend to shoulder a significant share of disaster response and recovery costs. Disaster shocks increase government expenditure and hamper economic activities. An increasing number of countries are developing financial protection strategies - a suite of policies and financial instruments - as part of their macro-fiscal policy to secure access to pre-arranged financing and protect the fiscal balance and budget when disasters strike. Investments in physical and social resilience complement and reinforce financial resilience. Pre-arranged risk financing can help governments reduce the fiscal cost of disasters. Sovereign catastrophe risk pools, established to help especially low-capacity countries better access financial markets, are evolving toward multifunctional platforms to strengthen financial resilience in their region. Governments are moving toward adopting more sophisticated risk financing strategies that better match financial instruments to their liabilities, especially for public assets (including infrastructure), national-subnational cost sharing, and social safety nets. New technology and innovations such as Earth Observation Data, Fintech, and big data have the potential to significantly enhance and boost systems for financial resilience against disaster shocks. Development partners continue to play a critical role in helping developing countries improve their financial protection strategies. Recent experiences of G20 countries and others have led to three new frontiers on innovative crisis and disaster risk finance. Although significant progress has been achieved in disaster risk finance, some limitations and challenges remain. All successful reforms start with concrete first steps and an ongoing focus on enhancing fundamental systems and institutions. Financial resilience requires the leadership of ministries of finance in coordination with other public agencies and the private sector. At the request of G20 Finance Track members, this discussion note was prepared to: (i) take stock of the developments in fiscal management of disaster risks within the broader macro-fiscal framework; (ii) highlight recent progress by individual countries and the international community; and (iii) present new frontiers in disaster risk finance.

Author : National Academies
Publisher : National Academies Press
ISBN 13 : 0309261503
Total Pages : 216 pages
Book Rating : 4.00/5 ( download)

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Download or read book Disaster Resilience written by National Academies and published by National Academies Press. This book was released on 2012-12-29 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: No person or place is immune from disasters or disaster-related losses. Infectious disease outbreaks, acts of terrorism, social unrest, or financial disasters in addition to natural hazards can all lead to large-scale consequences for the nation and its communities. Communities and the nation thus face difficult fiscal, social, cultural, and environmental choices about the best ways to ensure basic security and quality of life against hazards, deliberate attacks, and disasters. Beyond the unquantifiable costs of injury and loss of life from disasters, statistics for 2011 alone indicate economic damages from natural disasters in the United States exceeded $55 billion, with 14 events costing more than a billion dollars in damages each. One way to reduce the impacts of disasters on the nation and its communities is to invest in enhancing resilience-the ability to prepare and plan for, absorb, recover from and more successfully adapt to adverse events. Disaster Resilience: A National Imperative addresses the broad issue of increasing the nation's resilience to disasters. This book defines "national resilience", describes the state of knowledge about resilience to hazards and disasters, and frames the main issues related to increasing resilience in the United States. It also provide goals, baseline conditions, or performance metrics for national resilience and outlines additional information, data, gaps, and/or obstacles that need to be addressed to increase the nation's resilience to disasters. Additionally, the book's authoring committee makes recommendations about the necessary approaches to elevate national resilience to disasters in the United States. Enhanced resilience allows better anticipation of disasters and better planning to reduce disaster losses-rather than waiting for an event to occur and paying for it afterward. Disaster Resilience confronts the topic of how to increase the nation's resilience to disasters through a vision of the characteristics of a resilient nation in the year 2030. Increasing disaster resilience is an imperative that requires the collective will of the nation and its communities. Although disasters will continue to occur, actions that move the nation from reactive approaches to disasters to a proactive stance where communities actively engage in enhancing resilience will reduce many of the broad societal and economic burdens that disasters can cause.