UNISDR working papers on public investment planning and financing strategy for disaster risk reduction: review of Madagascar
This report summarizes all activities implemented for Madagascar in the context of the joint UNISDR/ISLANDS project entitled "Strengthening Capacities for Unified Climate Change Adaptation and Disaster Risk Reduction Through the Facilitation of Risk Transfer and Finance Mechanisms" within the "ISLANDS Programme for Financial Protection against Climatic and Natural Disasters." The ISLANDS programme composed of three components: the establishment of reliable disaster loss database (Component 1), risk evaluation and probabilistic risk assessment profiles (Component 2) and incorporation of risk management into public investment planning (Component 3).
Chapter 1 introduces basic country structure as background. Chapters 2 and 3 outline loss and risk as the starting point of analysis. Chapter 4 briefly explains the DRR policies of the country. Chapter 5 outlines the current state of risk-sensitive public investment planning and risk financing policy as well as brief summary of three types of economic analysis implemented in the country.
In Component 3, tools are introduced a) to monitor DRM budgets to analyse the current state of public investment (called the “risk sensitive budget review”), b) to measure the impact of disasters on public finance and on the economy at the macro scale (CATSIM analysis), and c) to measure the impact of DRR investment on society (probabilistic cost-benefit analysis).
In Chapter 6, recommendations for policy makers are presented drawing from the analyses implemented. Annexes A, B and C provide theoretical and technical background and detailed case studies on each tool.
