"Double Debt Disaster" examines an increasingly serious and widespread, yet underexamined, phenomenon: obstacles to recovery from catastrophes caused by the concurrence of pre-disaster obligations with post-disaster capital needs and the destruction of collateral assets. No case is more instructive for understanding these problems than the Great East Japan Earthquake and Tsunami, which entered history as the costliest disaster prior to the COVID-19 pandemic.
This compendium brings together expert knowledge, analyzes key recovery case studies, and extracts lessons and know-how from ten years of recovery experience from the Great East Japan Earthquake and Tsunami.
The report focuses on the South Japan flooding of July 2020, and tries to understand how the COVID-19 pandemic has affected both the preparedness and the recovery. As highlighted in the World Economic Forum’s 2020 Global Risk Report, the world has been