The Pacific Island region is highly vulnerable to natural disasters and climate-related hazards, costing some countries up to an average of 6.6 percent gross domestic product (GDP) every year. In response to requests from 15 countries, the World Bank and other partners formed the Pacific catastrophe risk assessment and financing initiative (PCRAFI) in 2007 to help mitigate the fiscal risks associated with natural disasters and climate change. Under...
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2015/01/01
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Informativo
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94991
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1
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1
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2015/03/16
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Disclosed
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Strengthening financial resilience in the Pacific
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facility for disaster reduction and recovery
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