El Salvador - GFDRR
El Salvador - GFDRR
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”.