Publication: Advancing Disaster Risk Financing in Sint Maarten
https://openknowledge.worldbank.org/entities/publication/4819e505-9dfa-4...
Abstract
Historical losses due to hurricanes have been significant in Sint Maarten (SXM) since 1960, with the most severe impact having been experienced in 2017 following Hurricane Irma. The objective of this report is to provide recommendations to the Government of Sint Maarten (GoSXM) for the formulation of a country-specific comprehensive disaster risk financing (DRF) strategy based on the assessment of the legislative, financial management, fiscal, and insurance market environment in SXM. It is envisioned that this report will be used as a planning tool for the potential development of an all-encompassing DRF strategy that would equip the GoSXM with information and instruments to manage contingent liabilities posed by disasters.