News analysis

Indonesia's new strategy in disaster financing

Govt to insure state assets, expand coverage for citizens, explore 'catastrophe bonds'

PHOTO: AFP
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Indonesia spent an average of 4.4 trillion rupiah (S$400 million) a year, in the last 12 years, funding emergency responses to natural disasters that hit the country.

The funds were disbursed for search and rescue work, the evacuation of victims, and provision of basic needs.

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A version of this article appeared in the print edition of The Straits Times on October 26, 2018, with the headline Indonesia's new strategy in disaster financing. Subscribe