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Strategic Priorities of the Government of Nepal in Managing Climate and Disaster Risk (English)

The Government of Nepal has identified four overarching goals for its disaster risk financing strategy. These are aligned to the 15th Development Plan which articulates a clear goal of a ‘safe and resilient Nepal from disaster risk’. Based on this overarching goal, as well as initial consultations and analysis and lessons from countries with similar risks, the following policy goals have been established to manage the finance impacts faced from climate and disaster risk in Nepal: maintain a sound fiscal balance at the national level, to necessitate rapid recovery when disasters occur and to safeguard development progress; reduce the impact of disasters on critical public services, economic activity and livelihoods, enabling resilient economic growth and development; to ensure pre-arranged financing mechanisms are in place at national, provincial and local levels, necessary to provide immediate liquidity at the onset of a disaster; and to protect the poorest and vulnerable people from falling into a cycle of poverty due to disasters and shield the near-poor from slipping back into poverty.

Details

  • Document Date

    2020/06/26

  • Document Type

    Report

  • Report Number

    150245

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Nepal,

  • Region

    South Asia,

  • Disclosure Date

    2020/06/29

  • Disclosure Status

    Disclosed

  • Doc Name

    Strategic Priorities of the Government of Nepal in Managing Climate and Disaster Risk

  • Keywords

    catastrophe risk; public asset; disaster risk financing and insurance; financial protection; contingent liability; contingent liabilities; vulnerable household; Disaster Risk Finance; social protection system; financial instrument; individual level; affected communities; finance flow; response activity; immediate liquidity; private property; education and health; back into poverty; Deferred Drawdown Option; Catastrophe Risk Insurance; allocation of resource; source of financing; impact of disaster; agricultural insurance; Risk Transfer; Public Services; international reinsurance; Risk Analytics; public building; enabling environment; financing instrument; finance strategy; public-private partnership; social registries; disaster recovery; Budget Management; fiscal planning; commercial properties; financial impact; catastrophe insurance; government units; regulatory decision; transfer risk; risk market; financial solutions; cost-effective solution; financing mechanism; vulnerable people; financial resilience; market development; Financial Sector; contingency plan; fiscal balance; risk profile; several months; effective risk; reserve fund; financial response; government priority; annual contribution

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

Citation

Strategic Priorities of the Government of Nepal in Managing Climate and Disaster Risk (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/153331593411974909/Strategic-Priorities-of-the-Government-of-Nepal-in-Managing-Climate-and-Disaster-Risk