1 results found
WBG, OECD |Managing Disaster Risk Related Contingent Liabilities in Public Finance Frameworks, OECD Working Papers on Public Governance, No 27Natural disasters have caused, and continue to cause, a significant amount of economic costs. The costs of disasters are often, and to a large extent, shouldered by governments, especially in economies where private insurance markets are not well developed. Governments are asked to provide financing for explicit commitments made prior to a disaster, and are often under pressure to make payments for which no such commitments were made earlier. Category: Climate-Informed Fiscal Planning, Align Policies with Paris Agreement |