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financial protection against natural disasters

Financial protection against natural disasters: An Operational Framework for Disaster Risk Financing and Insurance

When record floods inundated large swaths of Thailand, including its capital Bangkok, in the fall of 2011, total damage and loss amounted to THB 1.43 trillion (US$46.5 billion1 ), more than 13 percent of that year’s gross domestic product (GDP). But the financial impact on the government continued long after the water finally receded.

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