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The Role of Other Actors in Promoting Post-Disaster Economic Recovery in Partnership with Banks

In: Banking Institutions and Natural Disasters

Author

Listed:
  • Andi Duqi

    (Alma Mater Studiorum—Università di Bologna)

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.

Suggested Citation

  • Andi Duqi, 2023. "The Role of Other Actors in Promoting Post-Disaster Economic Recovery in Partnership with Banks," Palgrave Studies in Impact Finance, in: Banking Institutions and Natural Disasters, chapter 0, pages 99-137, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-031-36371-9_5
    DOI: 10.1007/978-3-031-36371-9_5
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