CAPRA
From HFA-PEDIA
Disaster Risk Financing and risk transfer mechanisms
Contents |
What's New
Risk Financing and Insurance - The World Bank Group's Menu of Instruments
Proceedings from the side event held at the II Session of the Global Platform for Disaster Risk Reduction in Geneva, June 16-19, 2009
Financing Disaster Risk Reduction
Proceedings from the side event held at the II Session of the Global Platform for Disaster Risk Reduction in Geneva, June 16-19, 2009
IDB and World Bank support new Central American Initiative on Disaster Risk Assessment - News Releases; Mar 26, 2009
The Inter-American Development Bank and the World Bank signed a memorandum of understanding on March 6th formalizing a joint effort to develop the Central American Probabilistic Risk Assessment (CAPRA) initiative.
The CAPRA study was initiated in February 2008 with Costa Rica and Nicaragua serving as pilot countries and with funding provided by the World Bank’s Global Facility for Disaster Reduction and Recovery. With the MoU, the initiative will now be expanded to Belize, El Salvador, Guatemala and Honduras with funds from the IDB’s Multidonor Disaster Prevention Trust Fund.
The Central American Probabilistic Risk Assessment (CAPRA)
The CAPRA initiative seeks to enhance the understanding disaster risk throughout the region by establishing a common methodology and tools to assess disaster risk.
CAPRA is being developed as a tool to will help to make better decisions about how, when and where to invest (financial) resources in order to achieve a significant reduction of economic losses due to disasters; as well as to motivate governments and politicians to make disaster risk reduction a national priority. CAPRA does not aim to replace any existing information product or service, but rather to build on the information that is produced by other mechanisms and institutions. Although CAPRA encompasses GIS capacities, it goes a step beyond towards estimating, for a given country or area and during a given period of time, the economic impact of distinct natural hazards taking into account several vulnerability scenarios.
CAPRA is a long-term process for which a first usable model, which will be fine-tuned and perfected over the coming years, should be ready within the first half of 2009. First try-outs will be Nicaragua and Costa Rica, after which, other countries and sub-regions will follow.
It is envisaged that CAPRA will become an important instrument to help countries implement activities related to priority I of the HFA, making disaster risk reduction a national priority and therefore to assign resources as required.
CAPRA is a joint initiative of the ISDR secretariat's regional unit for the Americas and the World Bank's Facility for Disaster Reduction and Recovery (GFDRR).
See CAPRA Website
Related documents
Portable Virtual Library on Probabilistic Risk Assessment and Risk Financing (Spanish)
Disaster Risk Financing
Disaster Risk Management and Financing Strategy
Dr. Cassandra Rogers, Inter-American Development Bank (IADB)
Presented at the AEC High-Level Conference on Disaster Reduction
November 2007; Saint-Marc, Haiti
Risk Transfer via Parametric Insurance
Dr. Simon Young, Caribbean Catastrophe Risk Insurance Facility (CCRIF)
Presented in the ACS High-Level Conference on Disaster Reduction
November 2007; Saint-Marc, Haiti
Disaster Risk Management and Financing Strategy
Presented by Dr. Cassandra Rogers, Interamerican Development Bank (IADB)
ACS High-Level Conference on Disaster Reduction
November 2007; Saint-Marc, Haiti
Disaster Risk Financing: Reducing the Burden on Public Budgets
Swiss Reinsurance Company (Swiss Re); 2008
Economic Aspects of Vulnerability
World Meteorological Organization; s.l, 1999
World Bank's Catastrophe Deferred Draw Down Option (CAT DDO) - Costa Rica
Related webpages
GFDRR - World Bank's Global Facility for Disaster Reduction and Recovery
Managed by the World Bank on behalf of the participating donor partners and other partnering stakeholders, the Global Facility for Disaster Reduction and Recovery (GFDRR) is a partnership of the International Strategy for Disaster Reduction (ISDR) system to support the implementation of the Hyogo Framework for Action (HFA).
