02332cas a2200289 a 4500 AALejournalIMF015301 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513525792 1018-5941 BD-DhAAL BD-DhAAL Cabezon, Ezequiel. Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific / Ezequiel Cabezon, Leni Hunter, Patrizia Tumbarello, Kazuaki Washimi. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Natural disasters and climate change are interrelated macro-critical issues affecting all Pacific small states to varying degrees. In addition to their devastating human costs, these events damage growth prospects and worsen countries' fiscal positions. This is the first cross-country IMF study assessing the impact of natural disasters on growth in the Pacific islands as a group. A panel VAR analysis suggests that, for damage and losses equivalent to 1 percent of GDP, growth drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0.7 percentage point lower than it would have been without natural disasters. The paper also discusses a multi-pillar framework to enhance resilience to natural disasters at the national, regional, and multilateral levels and the importance of enhancing countries' risk-management capacities. It highlights how this approach can provide a more strategic and less ad hoc framework for strengthening both ex ante and ex post resilience and what role the IMF can play. Mode of access: Internet Vanuatu imf Hunter, Leni. Tumbarello, Patrizia. Washimi, Kazuaki. IMF Working Papers; Working Paper ; No. 2015/125 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/125/001.2015.issue-125-en.xml IMF e-Library