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El Salvador - GFDRR

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V. RISK MANAGEMENT | 117<br />

C. STRATEGIC FRAMEWORK FOR RISK MANAGEMENT<br />

This section recommends a strategic framework for risk management that combines specific elements<br />

found in <strong>El</strong> <strong>Salvador</strong> and lessons learned from international experience. 55 The principles that underlie this<br />

framework are that: a) human loss and the economic impact of disasters may be reduced through predisaster<br />

planning and investments in prevention; and b) the strategic framework and the action plan are<br />

effective in terms of cost and implementation. The pillars of the Risk Management Framework and their<br />

description are presented below:<br />

GRAPH 13. RISK MANAGEMENT FRAMEWORK<br />

Pillar 1: Risk identification and assessment<br />

• Multi-hazard risk modeling and vulnerability<br />

• Assessment of community risks<br />

Pilar 5: Financing<br />

• Reconstruction and Recovery Fund<br />

• Ex ante Financial Arrangements<br />

• Catastrophe Insurance<br />

• Reserve/Contingency Funds<br />

RISK MANAGEMENT<br />

Pillar 2: Mitigation<br />

• Monitoring/Early Warning Systems<br />

• Hazard Maps/Territorial Planning<br />

• Reform and Enforcement of Regulations<br />

• Mitigation of Hazard Specific Risks<br />

• Climate change Programs<br />

Pillar 4: Institutional Strengthening<br />

• Decentralized Emergency Management<br />

Systems<br />

• Community Participation<br />

• Legal Framework<br />

• Training, Education, Knowledge Sharing<br />

• Cooperación Internacional<br />

Pillar 3: Strengthening of Emergency<br />

Preparedness<br />

• Disaster Forecasting<br />

• Mainstreaming emergency preparedness<br />

• Local Communication Systems<br />

Source: <strong>GFDRR</strong>.<br />

55<br />

Based on Risk Management, No. 9, World Bank. “ Preventable Losses - Saving Lives and Property”.

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