APEC Workshop on Financial Management of Public Assets against Disaster Risks
The APEC Workshop on Financial Management of Public Assets against Disaster Risks was held on June 21-22, 2018 in Tokyo, Japan, as part of a series of activities of the Working Group (WG) on Regional Disaster Risk Financing (DRF) Solutions for APEC economies, under the co-chairmanship of the Philippines and Japan, with technical support from the World Bank Group’s Disaster Risk Financing and Insurance Program (DRFIP) and the World Bank Tokyo Disaster Risk Management (DRM) Hub.
This two-day workshop convened practitioners from finance ministries in APEC member economies to exchange knowledge and experiences specifically on (i) database management, (ii) disaster risk and damage assessment, and (iii) public asset insurance arrangements against climate and disaster risks. Designed as an informal and interactive knowledge exchange, the meeting enabled participating economies to share experiences and practical lessons for public asset management against natural disaster risk, and discuss future plans towards strengthening operational frameworks and implementation of the schemes. The workshop was followed by a visit to the Kanto Regional Development Bureau of the Japanese Ministry of Land, Infrastructure, Transport and Tourism where participants had the chance to learn more about the ministry’s road and river asset management database system.
The workshop concluded that disaster disk finance, especially for resilient infrastructure assets, should continue to be explored as a priority agenda of APEC finance ministers given that disaster risk is a serious challenge faced by all APEC economies.
The above information is excerpted from the news - APEC Workshop on Financial Management of Public Assets against Disaster Risks on the WBG website.