FONDEN : Mexico's Natural Disaster Fund--A Review

FONDEN (Natural Disasters Fund), Mexico's fund for natural disasters, was established in the late 1990s as a mechanism to support the rapid rehabilitation of federal and state infrastructure affected by adverse natural events. FONDEN was first created as a budget line in the Federal expenditure budget of 1996, and became operational in 1999. Funds from FONDEN could be used for the rehabilitation and reconstruction of: 1) public infrastructure at the three levels of government (federal, state, and municipal); 2) low-income housing; and 3) certain components of the natural environment. FONDEN consists of two complementary budget accounts, the FONDEN program for reconstruction and FOPREDEN program for prevention, and their respective financial accounts. The FONDEN program for reconstruction is FONDEN's primary budget account. It channels resources from the federal expenditure budget to specific reconstruction programs. The FOPREDEN program for prevention supports disaster prevention by funding activities related to risk assessment, risk reduction, and capacity building on disaster prevention. The FONDEN system is continuously evolving to integrate lessons learned over the course of years of experience.

Bibliographic Details

Main Author:	World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2012-05
Subjects:	ACCESS TO FINANCING, ACCOUNTABILITY, ASSET BASE, AVALANCHE, BLANKETS, BONDS, BUDGET SURPLUS, CAPACITY BUILDING, CAPITAL EXPENDITURES, CAPITAL MARKETS, CAPITAL STOCKS, CATASTROPHE BOND, CATASTROPHE BONDS, CATASTROPHIC LOSSES, CIVIL SERVICE, CLIMATE CHANGE, CONTINGENT LIABILITY, DAMAGE ASSESSMENT, DAMAGE ASSESSMENTS, DAMAGES, DEBRIS REMOVAL, DEBT, DECLARATION, DECLARATIONS, DEPOSIT, DEVELOPMENT BANK, DISASTER ACTIVITIES, DISASTER EMERGENCY, DISASTER EVENT, DISASTER EVENTS, DISASTER MANAGEMENT, DISASTER PREVENTION, DISASTER PROGRAM, DISASTER RECONSTRUCTION, DISASTER REDUCTION, DISASTER REHABILITATION, DISASTER RELIEF, DISASTER RESPONSE, DISASTER RISK, DISASTER RISK REDUCTION, DISASTER RISKS, DISASTER-PRONE COUNTRIES, DISBURSEMENT, DISBURSEMENTS, DOCUMENTS, DROUGHT, DROUGHTS, EARTHQUAKE, EARTHQUAKES, ECONOMIC DEVELOPMENT, EMERGENCY ASSISTANCE, EMERGENCY RELIEF, EMERGENCY RESPONSE, EMERGENCY SITUATION, EXPENDITURE, EXPENDITURES, EXTREME EVENTS, EXTREME WEATHER, FATALITIES, FEDERAL BUDGET, FIDUCIARY RESPONSIBILITY, FINANCIAL CAPITAL, FINANCIAL FLOWS, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENT, FINANCIAL INSTRUMENTS, FINANCIAL MANAGEMENT, FINANCIAL RISK, FINANCIAL STATEMENTS, FINANCIAL SUPPORT, FIRE, FLOOD, FLOODING, FLOODS, FOREST FIRE, FOREST FIRES, GOVERNMENT ASSETS, GOVERNMENT FINANCES, GOVERNMENT INVESTMENTS, HEAVY RAINFALL, HOUSING, HUMANITARIAN ASSISTANCE, HURRICANE, HURRICANES, IMPACT OF DISASTERS, INDEMNITY, INFORMATION SYSTEM, INFORMATION TECHNOLOGY, INSTRUMENT, INSURANCE, INTERNATIONAL BANK, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL MARKET, INVENTORY, ISSUANCE, LANDSLIDE, LANDSLIDES, LEGAL AGREEMENTS, LINE OF CREDIT, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, LOCAL INFRASTRUCTURE, MANDATES, MATURITY, MEDICAL SUPPLIES, MEDICINE, MUNICIPALITIES, NATURAL DISASTER, NATURAL DISASTERS, NATURAL HAZARD, NATURAL HAZARDS, NATURAL PHENOMENON, NATURAL RESOURCES, PENSION, PENSIONS, PORTFOLIO, PREVENTIVE ACTIONS, PUBLIC ASSETS, PUBLIC BUDGET, PUBLIC EXPENDITURES, PUBLIC SERVICES, RECONSTRUCTION, REHABILITATION NEEDS, REINSURANCE, RESERVES, RESOURCE ALLOCATION, RESOURCE ALLOCATIONS, RETURN, REVOLVING FUND, RISK ANALYSIS, RISK ASSESSMENT, RISK MANAGEMENT, RISK MANAGEMENT SYSTEM, RISK PROFILE, RISK REDUCTION, SEARCH AND RESCUE, SEARCH AND RESCUE EQUIPMENT, STORM, STORMS, SUBSIDIARY, TEMPORARY SHELTER, TORNADO, TRANSFER RISKS, TRANSPARENCY, TREASURY, TREATY, TROPICAL CYCLONES, TROPICAL STORM, TRUST FUND, TRUSTEE, TSUNAMI, TSUNAMIS, VICTIMS, VOLCANIC ERUPTION, VOLCANOES,
Online Access:	http://documents.worldbank.org/curated/en/408711468286527149/FONDEN-Mexicos-natural-disaster-fund-a-review http://hdl.handle.net/10986/26881
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