Click here for search results
Managing disaster risk in Mexico : market incentives for mitigation investment, Volume 1
 
Author:Kreimer, Alcira; Arnold, Margaret; Barham, Christopher; Freeman, Paul; Gilbert, Roy; Krimgold, Frederick; Lester, Rodney; Pollner, John D.; Vogt, Tom; Collection Title:Disaster risk management series
Country:Mexico; Date Stored:1999/10/13
Document Date:1999/06/30Document Type:Publication
SubTopics:Environmental Economics & Policies; Banks & Banking Reform; Health Economics & Finance; Hazard Risk Management; Insurance & Risk MitigationISBN:ISBN 0-8213-4491-9
Language:EnglishMajor Sector:(Historic)Multisector
Region:Latin America & CaribbeanReport Number:19406
Sub Sectors:Non-Sector SpecificVolume No:1

Summary: The aim of this study is to assess the current capacity of Mexico to deal with disaster risk and to identify ways in which the impacts of catastrophes on the economy can be reduced. The study analyzes the three main components of a comprehensive disaster risk management strategy: risk identification, risk reduction, and risk transfer and financing. Mexico is vulnerable to a variety of natural disasters, including earthquakes, hurricanes, and volcanoes. Despite the frequency with which these disasters strike, however, inadequate investment is made in mitigation efforts, and insufficient funds are set aside to pay for relief and reconstruction efforts. As a result, when a disaster occurs, the government is often forced to use funds that had been allocated to other programs, disrupting the operations of those programs. The effect is to reduce growth and derail important development efforts. The Mexican government could use mechanisms to manage risk so that ongoing programs are not disrupted following a disaster. Doing so involves identifying the risks the country faces, mitigating the damage caused by those risks, and transferring the risk to other parties (namely, insurance companies and the capital markets).

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 68 pagesOfficial version*4.76 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/P2MGYW4MC0