Savings and good governance are best policy against natural disasters – IADB
Chile was able to overcome a major earthquake in 2010 without resorting to international funding
Sound public finances and good governance are the best tools available for emerging countries to deal with the aftermath of natural disasters, says an analysis by the Inter-American Development Bank.
The IADB points to Chile as the poster child for its recommendations in Latin America. It praises how the country managed its 2010 earthquake, which reached 8.8 on the Richter scale. It caused over 500 casualties, displaced more than a million people, and provoked losses of $30 billion, 19% of the
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