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14 June 2022
The vulnerability burden of small states Small states are particularly exposed to the financial impacts of shocks , varying from natural disasters to the ongoing COVID-19 pandemic and man-made events such as the Ukraine war. The shocks disproportionally and recurrently affect small states due to their peculiarities. They have small populations and economic bases combined with geographically concentrated economies, which makes them particularly vulnerable to shocks. They tend to be... Keep reading
15 September 2017
Photo Credit: World Bank Group “This can’t be Karamoja,” I thought, looking around me. I had read the reports, which focus on the vulnerability and poverty of this region in northern Uganda, home to the Karamojong, a nomadic people with their own language, traditions, and customs. But it’s one thing to read about a place, and quite another to visit it. Karamoja was stunningly beautiful: there were boulders the size of mountains scattered across the horizon, vibrant green bushes and pasture atop... Keep reading
21 January 2016
As actuaries working in development, my colleagues and I in the Disaster Risk Financing and Insurance Program ( DRFIP ) are constantly looking for innovative ways to apply actuarial science in the fight against poverty. Because the DRFIP is a fairly new initiative — it was established in 2010 to improve the financial resilience of governments, businesses and households against natural disasters — a lot of questions are still to be asked, and lessons to be learned, about helping client countries... Keep reading