News analysis

Indonesia's new strategy in disaster financing

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

PHOTO: AFP

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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

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