OECD urges nations to co-ordinate risk management efforts.
| Position | First in ... |
Governments must improve how they prioritise efforts to prepare for disasters and work more closely with the private sector to ensure that they can manage crises quickly and cost-effectively, according to a new OECD report.
"Innovation in country risk management", published in conjunction with Swiss Re and Oliver Wyman, argues that it is often unclear where one risk ends and another begins, and that individual events may rapidly turn into disasters. The financial crisis has shown how a crisis in one sector can travel around the world.
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