APLICACIÓN Y ACTUALIZACIÓN DE INDICADORES DE RIESGO Y GESTIÓN DE RIESGOS: ARGENTINA, BARBADOS, BOLIVIA, CHILE, COLOMBIA, ECUADOR, JAMAICA, MÉXICO, PANAMÁ, PERÚ, REPÚBLICA DOMINICANA, TRINIDAD Y TOBAGO
Comparative values for the Prevalent Vulnerability Index, PVI
October 2008 - July 2009
Funding enterprise/administration: Inter-American Development Bank
Participating entities: INGENIAR Ltda. (Colombia); ITEC Ltda. (Colombia); ERN Ingenieros Consultores (Mexico) y CIMNE (Spain)
Four composite indicators developed in past years reflect the principal elements that represent vulnerability and allow describing the advance of different countries in risk management. So far, these indicators have been applied mainly to the study of countries in the Latin-American and Caribbean region.
1. The Disaster Deficit Index, DDI, measures the country risk from a macro-economic and financial perspective when faced with possible catastrophic events. This requires an estimation of the critical impacts during a given exposure time and of the capacity of the country to face this situation financially.
2. The Local Disaster Index, LDI, identifies the social and environmental risks that derive from recurrent, lower level, events which are often chronic at the local and sub-national levels. These events particularly affect the socially and economically fragile population and generate a highly damaging impact on the country?s development.
3. The Prevalent Vulnerability Index, PVI, is composed of a series of indicators that characterize prevailing vulnerability conditions by measuring exposure in prone areas, socioeconomic fragility and lack of social resilience.
4. The Risk Management Index, RMI, brings together a group of indicators related to the risk management performance of the country. These reflect the organization, development, capacity and institutional action of the country, meant to reduce vulnerability and losses, to prepare for crisis, and to efficiently recover.