Managing Vulnerability to Natural Disasters and Financing in Costa Rica

2 Costa Rica & World Bank: A Partnership to Reduce Vulnerabilities Exogenous Causes of Liquidity Risk: ☐ Costa Rica's geographic location makes it prone to natural disasters: ■ Hurricanes, floods, earthquakes, volcano eruptions, etc. Vast experience in managing natural disasters ■ Also, as a small open economy, Costa Rica is highly vulnerable to volatile financial markets conditions: □ Government was concern about the possible effects of the 2008 financial crisis

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