Flooding is one of the most common, wide-reaching and destructive natural perils, affecting tens of millions of people around the world each year and causing, on average, more than USD 200 billion in damages. The financial management of flood risk presents a significant policy challenge in many countries, requiring careful consideration of the relative effectiveness various tools to manage flood risk, from investments in risk prevention and public awareness, to the use of risk transfer tools to protect against significant post-disaster costs.
This preliminary edition applies the lessons from the OECD’s analysis of disaster risk financing practices and the development of guidance to the specific case of floods. The report provides an overview of the approaches that economies facing various levels of flood risk and economic development have taken to managing the financial impacts of floods.
Documents and links
Conference on the financial management of flood risk, 12-13 May 2016