El Salvador's Earthquakes and Seismicity
There are partly large earthquakes in El Salvador with strengths of more than 7.0. Due to the special tectonic situation of the country there are more earthquakes than average. El Salvador is classified as a high on earthquake hazard. This means there is more than a 20% chance of a potentially-damaging earthquake to happen in El Salvador. This activity can cause adverse events, that can put families at risk who are in vulnerable areas, like areas in high poverty levels and low resilience.
The World bank and The Salvadorian government established the "El Salvador Disaster Risk Management Development Policy Loan" (DLP) with a Catastrophe Deferred Drawdown Option (CAT DDO). The DLP and CAT DDO have two goals :
1- Support the implementation of El Salvador's national disaster risk management program
2-Address the country's immediate liquidity needs following a disaster caused by a natural event. This innovative financial instrument gives a government immediate access to funds after a natural disaster, enabling a quicker emergency response to avoid redirecting limited budgetary resources from other development programs.
Sources:
- https://www.worlddata.info/america/el-salvador/earthquakes.php#:~:text=In%20El%20Salvador%2C%20there%20are,are%20more%20earthquakes%20than%20average.
- https://www.worldbank.org/en/results/2015/09/22/better-disaster-risk-management-for-el-salvador
Good information!- As part of the ring of fire, this area should be really active. I'm glad to see they have mitigation measures in place to address this hazard.
ReplyDeleteHello Itzani! I enjoyed reading your blog for this week. It's admittedly scary to think of how common Earthquakes are within El Salvador! In my chosen country (Egypt), Earthquakes are not so common; and so there really aren't many safety regulations that are taken; even though they definitely still should! So it is good to see that your country is certainly taking measures!
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