Strengthening the institutional capability to effectively manage contingent liabilities
Natural disasters are one of the principal contingent liabilities that Latin American and the Caribbean have to face. Countries need to understand better their financial exposure to natural hazards and the potential threat to their economies. The IDB approach helps nations develop a panoramic view on their disaster exposure by focusing on country specific financial strategies.
We provide assistance, including, technical expertise and know-how,knowledge sharing of best practices among countries, and specialized training to develop institutional capacity within the public sector to improve the financial management of contingent public liabilities.