Enhancing Macroeconomic Resilience To Natural Disasters And Climate Change In The Small States Of The Pacific

Enhancing Macroeconomic Resilience To Natural Disasters And Climate Change In The Small States Of The Pacific Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Enhancing Macroeconomic Resilience To Natural Disasters And Climate Change In The Small States Of The Pacific book. This book definitely worth reading, it is an incredibly well-written.

Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

Ezequiel Cabezon,Ms.Leni Hunter,Ms.Patrizia Tumbarello,Kazuaki Washimi,Mr.Yiqun Wu
Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific Book PDF

Author : Ezequiel Cabezon,Ms.Leni Hunter,Ms.Patrizia Tumbarello,Kazuaki Washimi,Mr.Yiqun Wu
Publisher : International Monetary Fund
Page : 37 pages
File Size : 51,7 Mb
Release : 2015-06-19
Category : Nature
ISBN : 9781513525792

Get Book

Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific by Ezequiel Cabezon,Ms.Leni Hunter,Ms.Patrizia Tumbarello,Kazuaki Washimi,Mr.Yiqun Wu Pdf

Natural disasters and climate change are interrelated macro-critical issues affecting all Pacific small states to varying degrees. In addition to their devastating human costs, these events damage growth prospects and worsen countries’ fiscal positions. This is the first cross-country IMF study assessing the impact of natural disasters on growth in the Pacific islands as a group. A panel VAR analysis suggests that, for damage and losses equivalent to 1 percent of GDP, growth drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0.7 percentage point lower than it would have been without natural disasters. The paper also discusses a multi-pillar framework to enhance resilience to natural disasters at the national, regional, and multilateral levels and the importance of enhancing countries’ risk-management capacities. It highlights how this approach can provide a more strategic and less ad hoc framework for strengthening both ex ante and ex post resilience and what role the IMF can play.

Small States Resilience to Natural Disasters and Climate Change - Role for the IMF

International Monetary Fund
Small States Resilience to Natural Disasters and Climate Change Role for the IMF Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 99 pages
File Size : 43,6 Mb
Release : 2016-07-11
Category : Nature
ISBN : 9781498345095

Get Book

Small States Resilience to Natural Disasters and Climate Change - Role for the IMF by International Monetary Fund Pdf

Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP—more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as greater vulnerability to severe disasters. About 9 percent of disasters in small states involve damage of more than 30 percent of GDP, compared to less than 1 percent for larger states. Greater exposure to disasters has important macroeconomic effects on small states, resulting in lower investment, lower GDP per capita, higher poverty, and a more volatile revenue base.

Excerpt: Resilience and Growth in the Small States of the Pacific

Hoe Ee Khor,Mr.Roger P. Kronenberg,Ms.Patrizia Tumbarello
Excerpt Resilience and Growth in the Small States of the Pacific Book PDF

Author : Hoe Ee Khor,Mr.Roger P. Kronenberg,Ms.Patrizia Tumbarello
Publisher : International Monetary Fund
Page : 61 pages
File Size : 46,8 Mb
Release : 2016-04-07
Category : Nature
ISBN : 9781484319833

Get Book

Excerpt: Resilience and Growth in the Small States of the Pacific by Hoe Ee Khor,Mr.Roger P. Kronenberg,Ms.Patrizia Tumbarello Pdf

This is a prepublication excerpt of Resilience and Growth in the Small States of the Pacific.

Strengthening Disaster Resilience in Small States

Wonderful Hope Khonje,Travis Mitchell
Strengthening Disaster Resilience in Small States Book PDF

Author : Wonderful Hope Khonje,Travis Mitchell
Publisher : Commonwealth Secretariat
Page : 252 pages
File Size : 47,9 Mb
Release : 2019-10-07
Category : Business & Economics
ISBN : 9781849291897

Get Book

Strengthening Disaster Resilience in Small States by Wonderful Hope Khonje,Travis Mitchell Pdf

Strengthening Disaster Resilience in Small States: Commonwealth Perspectives offers timely and expert analysis of differentiated exposure of small states to natural disasters, including an examination of specific interventions for strengthening small states’ resilience to this phenomenon

A Possible Approach to Fiscal Rules in Small Islands — Incorporating Natural Disasters and Climate Change

Ryota Nakatani
A Possible Approach to Fiscal Rules in Small Islands Incorporating Natural Disasters and Climate Change Book PDF

Author : Ryota Nakatani
Publisher : International Monetary Fund
Page : 28 pages
File Size : 49,5 Mb
Release : 2019-09-06
Category : Business & Economics
ISBN : 9781513514888

Get Book

A Possible Approach to Fiscal Rules in Small Islands — Incorporating Natural Disasters and Climate Change by Ryota Nakatani Pdf

A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries formulate a fiscal policy to achieve economic stability and fiscal sustainability when prone to various shocks? We study how natural disasters affect long-term debt dynamics and propose fiscal policy rules that could help insulate the economy from such unexpected shocks. We propose fiscal rules to address these shocks and uncertainties using the example of Papua New Guinea. Our study finds the advantages of expenditure rules, especially a recurrent expenditure rule based on non-resource and non-grant revenue, interdependently determined by government debt and budget balance targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing the impact of natural disasters on debt sustainability and proposing fiscal rules against natural disasters and climate changes. Our fiscal policy framework is practically applicable for many developing countries facing increasing frequency and impact of natural disasters and climate change. Our rules-based fiscal framework is crucial for sustainable and countercyclical macroeconomic policies to build resilience against devastating natural hazards.

Solomon Islands

International Monetary Fund. Asia and Pacific Dept
Solomon Islands Book PDF

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 94 pages
File Size : 46,5 Mb
Release : 2016-03-23
Category : Business & Economics
ISBN : 9781498371865

Get Book

Solomon Islands by International Monetary Fund. Asia and Pacific Dept Pdf

This paper presents an overview of Solomon Islands’ economy. Although Solomon Islands is a small island state, low-income country that is severely affected by external shocks, including commodity price declines, natural disasters, and climate change, it has achieved considerable gains in terms of macroeconomic stability under the Extended Credit Facility program. Despite the low access, the program has been effective in catalyzing donor support. Economic growth in 2015 is estimated at 31⁄4 percent. Near-term prospects remain favorable but new sources of growth are needed over the medium term. Key policy recommendations have been discussed in the paper to further strengthen the economy of Solomon Islands.

International Monetary Fund Annual Report 2016

International Monetary Fund
International Monetary Fund Annual Report 2016 Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 130 pages
File Size : 50,9 Mb
Release : 2016-09-26
Category : Business & Economics
ISBN : 9781498349277

Get Book

International Monetary Fund Annual Report 2016 by International Monetary Fund Pdf

The year was marked by difficult challenges and milestone achievements. To reinvigorate modest growth at a time of uncertainty about a complicated global economy, the IMF membership endorsed a three-pronged approach of monetary, fiscal, and structural policies to get the world economy back on a stronger and safer growth track. Highlights of the IMF’s work during the year included entry into effect of its quota and governance reforms approved in 2010, which increase the Fund’s core resources and make it more representative of the membership; commitments for increased financial support, policy advice, expertise, and training to help low-income developing countries achieve the U.N. Sustainable Development Goals; analysis of the international monetary system; inclusion of the Chinese currency in the basket of currencies that make up the Special Drawing Right; and policy advice on the economic repercussions of mass migration of refugees from Syria and other conflict-afflicted states. The IMF Annual Report, which covers the period May 1, 2015 to April 30, 2016, discusses all of these issues, plus a wide range of policy matters that the Executive Board addressed during the year.

Climate and Disaster Resilience Financing in Small Island Developing States

OECD,The World Bank
Climate and Disaster Resilience Financing in Small Island Developing States Book PDF

Author : OECD,The World Bank
Publisher : OECD Publishing
Page : 70 pages
File Size : 51,7 Mb
Release : 2016-11-10
Category : Electronic
ISBN : 9789264266919

Get Book

Climate and Disaster Resilience Financing in Small Island Developing States by OECD,The World Bank Pdf

Storms, hurricanes, and cyclones have been a feature of life on Small Island Developing States (SIDS) for centuries. But climate change is now increasing the intensity of these disasters, as well as creating new developmental challenges - like rising sea levels and increasing ocean acidity - ...

Unleashing Growth and Strengthening Resilience in the Caribbean

Mr.Krishna Srinivasan,Ms.Inci Otker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne
Unleashing Growth and Strengthening Resilience in the Caribbean Book PDF

Author : Mr.Krishna Srinivasan,Ms.Inci Otker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne
Publisher : International Monetary Fund
Page : 378 pages
File Size : 51,6 Mb
Release : 2017-11-13
Category : Business & Economics
ISBN : 9781484315194

Get Book

Unleashing Growth and Strengthening Resilience in the Caribbean by Mr.Krishna Srinivasan,Ms.Inci Otker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne Pdf

This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.

Samoa

International Monetary Fund. Asia and Pacific Dept
Samoa Book PDF

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 75 pages
File Size : 53,7 Mb
Release : 2017-05-16
Category : Nature
ISBN : 9781475599428

Get Book

Samoa by International Monetary Fund. Asia and Pacific Dept Pdf

The Samoan economy is performing well: growth is strong while inflation remains subdued. Nevertheless, there are sizeable downside risks to the outlook. Samoa is vulnerable to natural disasters, which has led to elevated public debt and financial sector vulnerabilities, including from public financial institutions (PFIs). High levels of remittances expose Samoa to spillovers from the withdrawal of correspondent banking services.

Resilience and Growth in the Small States of the Pacific

Hoe Ee Khor,Mr.Roger P. Kronenberg,Ms.Patrizia Tumbarello
Resilience and Growth in the Small States of the Pacific Book PDF

Author : Hoe Ee Khor,Mr.Roger P. Kronenberg,Ms.Patrizia Tumbarello
Publisher : International Monetary Fund
Page : 462 pages
File Size : 44,9 Mb
Release : 2016-08-10
Category : Business & Economics
ISBN : 9781513507521

Get Book

Resilience and Growth in the Small States of the Pacific by Hoe Ee Khor,Mr.Roger P. Kronenberg,Ms.Patrizia Tumbarello Pdf

Pacific island countries face unique challenges to realizing their growth potential and raising living standards. This book discusses ongoing challenges facing Pacific island countries and policy options to address them. Regional cooperation and solutions tailored to their unique challenges, as well as further integration with the Asia and Pacific region will each play a role. With concerted efforts, Pacific island countries can boost potential growth, increase resilience, and improve the welfare of their citizens.

The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness

Dongyeol Lee,Huan Zhang,Chau Nguyen
The Economic Impact of Natural Disasters in Pacific Island Countries Adaptation and Preparedness Book PDF

Author : Dongyeol Lee,Huan Zhang,Chau Nguyen
Publisher : International Monetary Fund
Page : 37 pages
File Size : 50,6 Mb
Release : 2018-05-10
Category : Nature
ISBN : 9781484353288

Get Book

The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness by Dongyeol Lee,Huan Zhang,Chau Nguyen Pdf

Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on economic development. This paper identifies the intensity of natural disasters for each country in the Pacific based on the distribution of damage and population affected by disasters, and estimates the impact of disasters on economic growth and international trade using a panel regression. The results show that “severe” disasters have a significant and negative impact on economic growth and lead to a deterioration of the fiscal and trade balance. We also find that the negative impact on growth is stronger for more intense disasters. Going further this paper proposes a simple and consistent method to adjust IMF staff’s economic projections and debt sustainability analysis for disaster shocks for the Pacific islands. Better incorporating the economic impact of natural disasters in the medium- and long-term economic planning would help policy makers improve fiscal policy decisions and to be better adapted and prepared for natural disasters.

Handbook of Small States

Lino Briguglio
Handbook of Small States Book PDF

Author : Lino Briguglio
Publisher : Routledge
Page : 628 pages
File Size : 40,9 Mb
Release : 2018-05-11
Category : Political Science
ISBN : 9781351181839

Get Book

Handbook of Small States by Lino Briguglio Pdf

This handbook covers a wide spectrum of issues relating to small states. Chapters in the volume have been grouped under the three main themes of economic, social and environmental issues. The economics sections include chapters dealing with trade, finance and regulatory frameworks, while the social theme covers health, migration, population ageing, as well as overall social wellbeing. The environmental theme examines matters such as measuring environmental performance, natural disasters, the ocean economy, and the validity of the Sustainable Development Goals. One major issue is the definition of small states. As this volume demonstrates, generally speaking, population is used to measure country size in the literature. However, it clearly emerges that there is no real consensus as to the population cut-off point that distinguishes small states from large ones. While the approaches taken by the authors vary, in all cases the chapters draw practical policy implications for small states. The book can therefore be considered as a wide-ranging depositary of information on small states with the aim of deriving policy prescriptions, and thus as an excellent resource for academics, students and policymakers.

International Monetary Fund Annual Report 2017

International Monetary Fund
International Monetary Fund Annual Report 2017 Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 114 pages
File Size : 45,5 Mb
Release : 2017-10-05
Category : Business & Economics
ISBN : 9781475563252

Get Book

International Monetary Fund Annual Report 2017 by International Monetary Fund Pdf

During the past financial year, the IMF’s 189 member countries faced a number of pressing challenges. IMF work on these challenges - slower trade, declining productivity, gender inequality, inclusive growth, and debt management - is a central focus of this 2017 Annual Report.

Enhancing Resilience to Climate Change in the Maldives

Mr. Giovanni Melina,Marika Santoro
Enhancing Resilience to Climate Change in the Maldives Book PDF

Author : Mr. Giovanni Melina,Marika Santoro
Publisher : International Monetary Fund
Page : 21 pages
File Size : 51,9 Mb
Release : 2021-04-23
Category : Business & Economics
ISBN : 9781513582443

Get Book

Enhancing Resilience to Climate Change in the Maldives by Mr. Giovanni Melina,Marika Santoro Pdf

The increased likelihood of adverse climate-change-related shocks calls for building resilient infrastructure in the Maldives. Fulfilling these infrastructure needs requires a comprehensive analysis of investment plans, including with respect to their degree of climate resilience, their impact on future economic prospects, and their funding costs and sources. This paper analyzes these challenges, through calibrating a general equilibrium model. The main finding is that there is a significant dividend associated with building resilient infrastructure. Under worsened climate conditions, the cumulative output gain from investing in more resilient technologies increases up to a factor of two. However, given the Maldives’ limited fiscal space, particularly after COVID-19, the international community should also step up cooperation efforts. We also show that it is financially convenient for donors to help build resilience prior to the occurrence of a natural disasters rather than helping finance the reconstruction ex-post.