Disaster Risk Finance Country Note : Serbia

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作者：

World Bank Group

来源地址：

http://hdl.handle.net/10986/24405

关键词：

FLOODING;  LINE OF CREDIT;  CONTINGENT LIABILITIES;  RISKS;  BORROWER;  METEOROLOGICAL ORGANIZATION;  LIABILITY;  EQUIPMENT;  ACCOUNTING;  STORM;  EARLY WARNING;  LOCAL INFRASTRUCTURE;  RISK REDUCTION;  FINANCIAL MANAGEMENT;  STOCK;  INTEREST;  INTERNATIONAL FINANCIAL CRISIS;  GUARANTEES;  STORMS;  OPTION;  LOCAL GOVERNMENTS;  LIQUIDITY;  DEVELOPING COUNTRIES;  GOVERNMENT BORROWING;  MORTGAGE;  FISCAL POLICY;  INSURANCE POLICIES;  BONDS;  LOAN;  CAPACITY BUILDING;  FLOOD PROTECTION;  LOAN AGREEMENT;  DISASTER;  DAMAGES;  GOVERNMENT ASSETS;  PUBLIC ASSETS;  TAX;  INCOME TAX;  RESERVE;  PENSION FUND CONTRIBUTIONS;  PENSION;  DISASTER EVENTS;  EARTHQUAKES;  INSTRUMENTS;  INSURANCE MARKET;  INSURANCE COMPANY;  BUDGET;  DISASTER RELIEF;  PREDICTABILITY;  BENEFICIARY;  RELIEF;  LEGISLATIVE FRAMEWORK;  LEGAL PROVISIONS;  NATURAL DISASTER;  DISASTER RESPONSE;  INSURANCE MARKETS;  PUBLIC FUNDS;  FLOODS;  PERSONAL INCOME;  FINANCES;  FLOODED;  BOND ISSUANCE;  OPTIONS;  MONETARY FUND;  EMERGENCY SITUATIONS;  NATURAL DISASTERS;  FINANCIAL INSTITUTIONS;  MARKETS;  DEBT;  HOUSEHOLD INCOME;  DISASTERS;  INSURERS;  EMERGENCY RESPONSE;  FIRE;  LOANS;  LANDSLIDES;  FARMERS;  RESERVES;  GROSS DOMESTIC PRODUCT;  PENSION FUNDS;  LEGAL FRAMEWORK;  FINANCE;  PUBLIC INVESTMENT;  INTERNATIONAL FINANCIAL INSTITUTIONS;  TAXES;  CONTINGENT LIABILITY;  EXPENDITURE;  FLOOD INSURANCE;  DEBT FINANCING;  INTERNATIONAL BORROWING;  SNOWSTORM;  REINSURANCE;  INVESTORS;  DROUGHTS;  EMERGENCY;  EARTHQUAKE;  OPPORTUNITY COST;  INCOME SECURITY;  GOOD;  DISASTER REDUCTION;  GOVERNMENT BUDGET;  DISASTER RISK;  DROUGHT;  TRANSPARENCY;  SOVEREIGN RISK;  FINANCIAL CRISIS;  FUTURE;  EMERGENCY RECOVERY;  BANK;  EXTREME EVENTS;  CREDIT ARRANGEMENTS;  BUDGETS;  RESERVE FUNDS;  FINANCIAL INSTRUMENTS;  BOND MARKET;  EXPENDITURES;  DAMAGE;  FINANCING REQUIREMENTS;  PROPERTY;  ISSUANCE;  IMPACT OF DISASTERS;  DISASTER INSURANCE;  INSTITUTIONAL CAPACITY;  OPPORTUNITY COSTS;  DISASTER MANAGEMENT;  MARKET;  FOREST FIRE;  EXPLOSION;  FLOOD;  SECURITIES;  PUBLIC DEBT;  CREDIT RISK;  INSURANCE;  INSURANCE PREMIUMS;  SECURITY;  LANDSLIDE;  FINANCIAL MARKET;  HAILSTORM;  NATIONAL BANK;  INVESTMENT;  RISK;  BOND;  POVERTY;  DISASTER RISKS;  EMERGENCY MANAGEMENT;  DISASTER RISK REDUCTION;  TAX POLICY;  INVESTMENTS;  FINANCIAL SUPPORT;  RISK MANAGEMENT;  PENSION FUND;  FINANCIAL RISK;  INSURANCE COMPANIES;  INSTRUMENT;  REMITTANCES;  LIABILITIES;  GOVERNMENT ACCOUNT;  INSURANCE PENETRATION;  NATURAL HAZARDS;  SMALL BUSINESSES;  CREDIT LINES;  RISK ASSESSMENT;  SWAP;  RECONSTRUCTION;  CONTAMINATION;  Report;  Rapport;  Informe; 

年份：

2016

出版地：

Washington,USA

语种：

English

摘要：

This disaster risk financing country note for Serbia provides an overview of the way its government currently finances the costs imposed by natural disasters. Meanwhile, poverty deepened after the financial crisis and during the recessions of 2012 and 2014, mainly because of losses in employment and labor income. In an effort to overcome its fiscal challenges, the government of Serbia adopted an ambitious fiscal consolidation and structural reform program to halt the rise in public debt and send it on a downward trajectory by 2017. This program is supported by a three-year stand-by arrangement from the International Monetary Fund (IMF). Because of the growing frequency and severity of disasters, the government has faced the rising costs of responding to disasters as well as the challenges of financing emergency response and reconstruction costs. Having sufficient access to financial instruments and resources in order to respond to disasters is crucial for building the financial resilience of the country and minimizing the negative impact of natural disasters on Serbia's economic growth. In this report, chapter one gives introduction. Chapter two provides the background and country context, including the recent economic impacts of disasters. Chapter three reviews the current institutional and legal framework for disaster risk management and financing. Chapter four is a review of the public financial management of disasters in Serbia, including ex ante and ex post disaster risk financing and insurance (DRFI) instruments currently in use for budget mobilization, and it looks at the 2014 floods in more detail. The chapter concludes with a summary of financial resources available and a look at the potential resource gaps.