Resilience measures

Name Definition
Hydrological and Meteorological Observatory Hydrological and Meteorological Observatory is an observation service dedicated to long-term monitoring of climatological and hydrological changes. It gathers data from an observation network located at different latitudes so as to sample the characteristic eco-climatic gradients of the region. Recorded data might be utilised in different parts of flood management ...
Reserve funds Building a catastrophic reserve fund is one of the measures assisting risk management as it will enable claims to be provided in years with unusually costly flood disasters. Many countries maintain a catastrophe reserve fund financed from tax revenues and invested in readily liquid assets. This financing option also spreads ...
Budget diversion Governments of emerging-economy countries raise money for disaster response and rehabilitation by diverting funds from other budgeted items such as ongoing public infrastructure projects. (Kunreuther H. and Linnerooth-Bayer J., 1999).
Government debt instrument A common way for emerging-economy governments to raise funds after a disaster is to borrow from their central bank reserves or to issue government bonds (Kunreuther H. and Linnerooth-Bayer J., 1999, p.14).