definition

Emerging-economy governments have the opportunity to borrow at low interest rates from international lending organizations aiming at pre-disaster planning or at recovery activities before or after the occurrence of extreme event respectively. This is a major financing source in the developing world.
(Kunreuther H. and Linnerooth-Bayer J., 1999, p. 15)

Co-benefits and impacts

Financial preparedness or recovery.

Related Links

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Last modified: Sept. 15, 2016, 9:24 a.m.