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Fiscal Risk Assessment Studies in Critical Infrastructure Sectors
Implementing Partner: Build Change
Project name:Fiscal Risk Assessment (FRA) studies in critical infrastructure sectors due to disasters at the national and state levels
This study aims to develop robust tools and frameworks for assessing both direct and indirect disaster related infrastructure losses through econometric and probabilistic risk assessments.
It compares infrastructure losses with fiscal resources to identify funding gaps and policy priorities. The Risk Assessment tools and Disaster Risk Finance (DRF) framework developed through this study will serve as a public good and be shared with the government to integrate risk assessment into budget management, thereby strengthening government decision-making and financial planning.
The study aims to identify and promote layered DRF interventions at sub-national and national levels, encompassing ex-ante and ex-post measures, to strengthen fiscal stability and financial resilience.
Location: India (Gujarat, Himachal Pradesh, Odisha, Tamil Nadu), Mauritius, Nepal, and Fiji.
Impact
1
The capacity of national and sub-national governments will be enhanced to systematically assess, quantify, and manage the fiscal implications of disaster risks, enabling more resilient public finance planning and informed decision-making for long-term economic stability.
2
A customizable Disaster Risk Finance framework will empower governments to fortify public finances by prioritizing budget allocations objectively, guided by the criticality and vulnerability of assessed indicators and sectors, ensuring targeted, risk-informed fiscal planning and resilience.
3
Scalable, open-access Disaster Risk Finance tools and frameworks designed for adaptability enable other countries, nationally and sub-nationally, to strengthen fiscal resilience, streamline risk-informed budgeting, and replicate effective solutions for disaster preparedness and financial protection at multiple governance levels.