Economic And Financial Aspects Of Disaster Recovery

"Addresses the economic consequences of disasters on communities and includes a framework of economic recovery principles as well as strategies to implement those principles." - introduction.

Disaster prevention and mitigation are integral to development activities. In February 2000, the World Bank's Disaster Management Facility initiated a three-year study on the economic and financial consequences of natural disasters with the support of the U.K. Department for International Development.

This report presents the results of a study that compares country practices in the management of the financial implications of disasters on government finances for a set of OECD member countries and partner economies particularly exposed to natural hazards.

This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.

Increasingly, community leaders around the world face major natural and economic disasters that require them to find ways to rebuild both physical infrastructure and the local economy. Doing this effectively requires an understanding of how various parts of the community are interconnected, as well as information as to which revitalization approaches have succeeded in the past. Community investment in recovery is essential and, in some cases, may require local leaders to rethink how it can be financed and arranged. This book presents a conceptual framework based on the community capitals, and describes approaches that have succeeded in situations where local leaders have coordinated efforts to rebuild and revitalize local conditions. Contributions provide examples of successful approaches around the world, thus analysing potential strategies for addressing disasters of many different types in various cultural settings. In this way, the book provides insights into a variety of approaches based on applications of accepted community development theory and concepts. This book was originally published as a special issue of Community Development.

Financial schemes for flood recovery, if properly designed and implemented, might increase flood resilience. However, options for the increase of flood resilience during the recovery phase are to a large extent overlooked and the diversity of existing schemes shows that there has been a lack of consensus on how to achieve resilient flood recovery. Financial Schemes for Resilient Flood Recovery investigates how the implementation of financial schemes (government relief subsidies, insurance schemes, buy-outs, etc.) might increase flood resilience. The chapters included in this edited volume address the following questions: Shall government relief subsidies exist when there is flood insurance in place, and, if so, how might they both be coordinated? Where (or how) to decide about build back better incentives and where to go for planned relocation programs? What is the distributional equity of financial schemes for flood recovery, and has it been sufficiently treated? The book covers different approaches to flood recovery schemes with specific intervention rationales in different countries. Empirical evidence provided clearly shows the great diversity of financial flood recovery schemes. This diversity of state-funded schemes, private-based insurance schemes, and hybrids as well as planned relocation schemes indicates a lack of a consistent and strategic approach in flood risk management and flood resilience about flood recovery. The chapters in this book were originally published in the Environmental Hazards.

A comprehensive guide regarding the economic part of disaster preparedness and disaster recovery. The guide discusses practical approaches to prepare for the expenses of a disaster and what is available for the economic recovery from a disaster. Included is information on how to negotiate with your insurance company and the bank that holds your mortgage, and where to go to replace your important papers. The guide includes all the government programs that are available for grants and loans to recover from a disaster, especially the programs that FEMA doesn't tell you about. This guidebook is designed for use by individuals and families, small businesses, farms and ranches, local governmental entities, and anyone concerned about limiting the financial devastation a disaster can cause.