Economic and Fiscal Impacts of Disasters in the Pacific

Abstract

Climate change and natural disasters can have lasting consequences on livelihood, economies and fiscal balances - spanning immediate reconstruction costs and fiscal shocks to long-term halts in tourism and agriculture economies. Although continues in the Pacific are the most exposed globally to these impacts, they have severely limited resources with which to prepare for and respond to them. This publication anazlyses the vulnerability of Pacific economies to climate change and disaster events, and identifies existing resources for responding to economic shocks. It also considers measures that public and private sector stakeholders can take develop new tools to increase economic and fiscal resilience across the Pacific region.