Peru : a comprehensive strategy for financial protection against natural disasters (English)

Peru has adopted disaster risk management (DRM) as a state policy. Within this context, the country needed a legal framework that reflected both national policy on the subject and internationally recognized best practices in risk management. Accordingly, an act establishing the National Disaster Risk Management System (Sistema Nacional de Gestión del Riesgo de Desastres, or SINAGERD) was promulgated in February 2011, followed by publication of its enabling regulations in May of the same year. The system’s main objectives, among others, are to identify and reduce hazard-related risks and minimize their effects, prevent the occurrence of new risks, and mobilize resources both for preparedness and for response when disaster strikes. One of the SINAGERD instruments is a financial management strategy.