Financial Protection against Disasters in Mozambique

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Publication language
English
Pages
40pp
Date published
01 May 2018
Type
Research, reports and studies
Keywords
Disaster preparedness, resilience and risk reduction, Funding and donors, Government
Countries
Mozambique
Organisations
World Bank, Global Facility for Disaster Reduction and Recovery

ozambique is prone to recurrent natural hazards, namely, droughts, earthquakes, floods, tropical storms (cyclones), and tsunamis. Sixty percent of the population lives along the coastline and are vulnerable to tropical storms.1 The recurrent natural hazards, according to the National Institute for Disaster Management (INGC), have been increasing in number and magnitude since 1960. 　　

Given the country’s risk profile, the public costs related to disaster management are significant and require diverse, harmonized and long-term actions by the Government and Partners. The World Bank and the Ministry of Economy and Finance (MEF) have prepared the present study on “Financial Protection against Disasters in Mozambique” as part of a forward-thinking agenda on disaster risk management.

The objectives of this study are: (i) to analyze the current funding mechanisms for disaster management in Mozambique, (ii) to investigate the financing gaps, and (iii) to suggest next steps to be taken by the Government of Mozambique under the leadership of MEF and INGC for the preparation and implementation of a Financial Protection Strategy against Disasters.