Approaching Disaster Risk Financing in a Structured Way

This paper proposes to approach disaster risk financing in a structured way along four pillars and three stages of development.

Highlights:

• The paper proposes to group key elements under four pillars according to the various inputs necessary to the development of a disaster risk financing (DRF) strategy.
• The elements of each pillar can be in different stages of development: essential, intermediate, advanced.
• Each pillar can involve different stakeholders and focusses the reflection on specific DRF elements.
• A step-by-step approach to DRF takes account of the heterogeneity of practices, brings clarity on the roles of different stakeholders and facilitates the integration of quantitative disaster information into the budgetary process.

Information and identifiers

Discussion Paper 201. May 2024. Brussels. PDF. 28pp. Tab. Graph. Bibliogr. Free.

KC-BD-23-018-EN-N (online)

ISBN 978-92-68-01819-4 (online)

ISSN 2443-8022 (online)

doi:10.2765/10427 (online)

JEL classification: G22, O11, O44, Q54.

Disclaimer

European Economy Discussion Papers are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs, or by experts working in association with them, to inform discussion on economic policy and to stimulate debate. The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.