Managing The Financial Cost Of Disasters
Lessons for IDA from the UK Government’s approach to explicit contingent liabilities. This paper draws on learning from the UK’s Contingent Liability Approval Framework to consider how IDA could better support the systematic identification and management of contingent disaster liabilities for its client countries.
Key Findings
Key Terms Used In This Report
Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
Possible financial obligations that only become real if specific future events occur.
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