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Indonesia's new strategy in disaster financing
Govt to insure state assets, expand coverage for citizens, explore 'catastrophe bonds'
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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