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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 disasterstransfer risk from taxpayersspeed recoveryThe purpose of the paper is:to support government efforts to help communities and citizens protect themselves from the effects of natural catastrophesto promote a sound disaster risk management culture where natural disaster costs borne by taxpayers are minimized "Reducing the fiscal and economic impact of disasters" (PDF)