Disasters pose considerable challenges not only to livelihoods but also to economy. Financial protection from disasters, i.e., disaster risk financing, has increasingly been applied in developed countries. However, the application of ex ante disaster risk financing is very scarce in developing countries including Bangladesh. Bangladesh is disaster-prone, with floods and cyclones being the most frequent and severe danger. Based on historical data, natural hazard events in Bangladesh cost more than $10 billion economic losses from 2000 to 2013, but the total funding available for relief, rehabilitation, and reconstruction for the same period was $2 billion only. It is estimated that Bangladesh will incur a financial impact of about $3.2 billion on average per year due to cyclone and flood, or about 2.2% of gross domestic product. Bangladesh urgently needs to develop ex ante disaster risk financing solutions to minimize economic impacts of catastrophes. Currently, three disaster risk finance solutions are considered effective in Bangladesh: sovereign disaster risk contingent credit, parametric sovereign risk insurance, and disaster risk microfinance portfolio insurance.
Sendai Framework for Disaster Risk Reduction 2015 - 2030: Sendai, 2015
Disaster Recovery Guidance Series: Education Sector Recovery: GFDRR, 2019
Transport Sector Recovery: Opportunities to Build Resilience: GFDRR, IRP 2018
Gender Equality and Women's Empowerment in Disaster Recovery: GFDRR, IRP 2018
Rebuilding Nepal Three Years On: UNDP, 2018
Flood Risk Management in Dhaka: GFDRR, 2018
Recipe for Disaster: The New Zealand Initiative, 2018
Resilient Water Supply and Sanitation Services: GFDRR, 2018
Build Back Better: UNISDR, 2017
National Post-Disaster Recovery Planning and Coordination: UNDP, 2017
Pre-Disaster Recovery Planning Guide for Local Governments: FEMA, USA, 2017
Learning from Disaster Simulations Drills in Japan: The World Bank, 2017
The White Paper on Disaster Management in Japan 2018