Managing Economic Exposures of Natural Disaster:Analyzing Financial Risk

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To develop financial instruments for financial risk management of natural disasters. The development of new financial instruments (or the application of instruments being utilized for a different purpose) to mitigate the risks and costs associated to natural disasters will contribute to a better management of the adverse consequences of natural disasters. This would allow countries to better allocate scarce resources which, in turn, would contribute to poverty reduction. The development of new financial instruments and the discussion on how and when to use them will contribute to the Bank knowledge about the subject and to a better design and implementation of financial sector projects to be eventually supported by the Bank. Furthermore, advances in this area should reduce the need and costs for ex-post Bank's intervention in helping countries after natural disasters affected them.