Operationalizing iterative risk management under limited information: fiscal and economic risks due to natural disasters in Cambodia

11305 14 32178 2 51215 document 32178 Operationalizing Iterative Risk Management under Limited Information.pdf application/pdf b0c642195f0bc830a2fcbae5f2260837 MD5 527219 2016-01-26 13:10:22 https://pure.iiasa.ac.at/id/eprint/11305/1/Operationalizing%20Iterative%20Risk%20Management%20under%20Limited%20Information.pdf 11305 1 1 application/pdf text en public

Operationalizing Iterative Risk Management under Limited Information.pdf

published 32180 2 51223 document 32180 lightbox.jpg image/png 811038a86f810903d3c065d4553a981b MD5 52104 2016-01-26 13:20:30 https://pure.iiasa.ac.at/id/eprint/11305/2/lightbox.jpg 11305 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/32178 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/32178 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/32178 archive 351 disk0/00/01/13/05 2016-01-15 08:52:34 2025-03-26 05:00:11 2016-01-15 08:52:34 article show 1 Mochizuki J. 2027 0000-0003-1000-4251 Vitoontus S. Wickramarachchi B. Hochrainer-Stigler S. 7958 0000-0002-9929-8171 Williges K. 8438 Mechler R. 7793 0000-0003-2239-1578 Sovann R. Operationalizing iterative risk management under limited information: fiscal and economic risks due to natural disasters in Cambodia pub iis_rsp prog_risk prog_rpv Cambodia; fiscal impact; iterative risk management; macroeconomic impact; natural disaster risk Iterative risk management and risk-sensitive public investment planning are increasingly seen as essential elements of natural disaster resilience. This article assesses the disaster risk facing the hazard-prone Southeast Asian country of Cambodia and discusses its fiscal preparedness and need for proactive disaster risk management. The study provides a bottom-up assessment of flood and cyclone risks to public and private buildings including educational structures, health facilities, and housing and estimates the total direct economic damage to range from approximately USD 304 million for a 5-year return period event to USD 2.26 billion for 1000-year return period event. These estimates were further analyzed using the fiscal risk due to disasters, which indicates that Cambodia will likely face a resource gap whenever a hazard as large as that of a 28-year return period event strikes. Given the frequent occurrence of disasters and rapid accumulation of capital assets taking place, proactive risk reduction is highly advisable. But interviews with national policymakers also revealed that there are a number of barriers to effective risk reduction and management in Cambodia. The general lack of awareness regarding risk-based concepts and the limited availability of local risk information necessitate a continued and sustained effort to build iterative risk management in Cambodia. 2015-12-14 published Springer 10.1007/s13753-015-0069-y XJ-15-294 [doi:10.1007/s13753-015-0069-y] 209 126 332 204 public International Journal of Disaster Risk Science 6 4 321-334 TRUE 2095-0055 FALSE info:eu-repo/semantics/article