Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 11 July 2016
Keywords: Climatic changes, Debt sustainability, Developing countries, Emergency assistance, External shocks, Financial sector, Fiscal policy, Fund role, Monetary policy, Small states
Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP-more than four times that for larger countries. T...