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Reducing the Fiscal and Economic Impact of Disasters


Reducing the fiscal and economic impact of disasters

​Examines the impact of natural catastrophes on government budgets and economic performance.


The paper shows that insurance:

  • can lower the economic and fiscal costs of natural disasters
  • transfer risk from taxpayers
  • speed recovery

The purpose of the paper is:

  • to support government efforts to help communities and citizens protect themselves from the effects of natural catastrophes
  • to promote a sound disaster risk management culture where natural disaster costs borne by taxpayers are minimized

Reducing the fiscal and economic impact of disasters 

"Reducing the fiscal and economic impact of disasters" (PDF)