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Disaster Risk Financing in Bangladesh

dc.contributor.authorMayumi Ozaki
dc.identifier.issn2313-5867 (Print)
dc.identifier.issn2313-5875 (e-ISSN)
dc.description.abstractDisasters pose considerable challenges not only to livelihoods but also to economy. Financial protection from disasters, i.e., disaster risk financing, has increasingly been applied in developed countries. However, the application of ex ante disaster risk financing is very scarce in developing countries including Bangladesh. Bangladesh is disaster-prone, with floods and cyclones being the most frequent and severe danger. Based on historical data, natural hazard events in Bangladesh cost more than $10 billion economic losses from 2000 to 2013, but the total funding available for relief, rehabilitation, and reconstruction for the same period was $2 billion only. It is estimated that Bangladesh will incur a financial impact of about $3.2 billion on average per year due to cyclone and flood, or about 2.2% of gross domestic product. Bangladesh urgently needs to develop ex ante disaster risk financing solutions to minimize economic impacts of catastrophes. Currently, three disaster risk finance solutions are considered effective in Bangladesh: sovereign disaster risk contingent credit, parametric sovereign risk insurance, and disaster risk microfinance portfolio insurance.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleDisaster Risk Financing in Bangladesh
dc.typeWorking Papers
dc.subject.expertProject impact
dc.subject.expertDevelopment projects
dc.subject.expertProgram management
dc.subject.expertPerformance appraisal
dc.subject.expertProject appraisal
dc.subject.expertTechnology assessment
dc.subject.adbResults-Based Monitoring And Evaluation
dc.subject.adbProject Evaluation & Review Technique
dc.subject.adbProject Evaluation
dc.subject.adbProgram Evaluation
dc.subject.adbPerformance Evaluation
dc.subject.adbOperations Evaluation
dc.subject.adbEvaluation Methods
dc.subject.adbDisaster preparedness
dc.subject.adbDisaster prevention
dc.subject.adbDisaster management
dc.subject.adbEmergency relief
dc.subject.adbFlood control
dc.subject.adbFire prevention
dc.subject.adbNatural disasters
dc.subject.adbMan-made disasters
dc.subject.adbPost-conflict recovery
dc.subject.adbFragile states
dc.subject.naturalCumulative effects assessment
dc.subject.naturalGrievance procedures
dc.subject.naturalParticipatory monitoring and evaluation
dc.title.seriesADB South Asia Working Paper Series
dc.title.volumeNo. 46
dc.contributor.imprintAsian Development Bank
oar.adminregionSouth Asia Region
oar.authorOzaki, Mayumi

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