Resilience measures

Name Definition
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).
Rescue plan The aim of flood rescue operations is to move people from immediate or potential harm to safety. Failed evacuation operations (e.g. evacuation operations which have been initiated too late and have not been completed before egress routes are lost) can result in the need for large-scale coordinated rescue plans to ...