Rapid Assessment for Resilient Recovery and ... - GFDRR

See DRM chapter for recommendations linked to the insurance sector.
Strategy for Long-term Recovery and Reconstruction
See DRM chapter for recommendations linked to the insurance sector.
Table 22: Financial sector
Category Type ~6 mths 6-24 mths > 24 mths
– Activities and costs
Private banks
for short-, medium- and
Independent funding of new, flood-related loans 78 long-term recovery and
TBD TBD TBD
reconstruction in Thai
(100% private sector)
baht, millions
Funding new, flood-related loans using government 64,300 110,000 0
loans or guarantee 79
(S-T: govt. 18.0 billion, private 46.3 billion; M-T: govt.
24.9 billion, private 85.0 billion; L-T: N/A)
SUBTOTAL 64,300 110,000 0
Specialized Financial Institutions
Approved SFI-disbursed government interventions 80 58,810 75,430 48,870
(see Table 21 above 100% state funded)
Review and adjust government interventions 2 0 0
(funded by International Financial Institution
(IFI)/bilateral grants)
SUBTOTAL 58,812 75,430 48,870
Micro-finance Institutions (Cooperatives, Village Funds, etc.)
Interest subsidy on Cooperative Agricultural Loans’ 580 1,000 4,450
debt relief
New government-funded loans to affected 2,039 160 0
Cooperative members, plus grants to flood victims
(100% government)
Cooperatives’ independent funding of new, TBD TBD TBD
flood-related loans 81 (100% private sector)
Village Funds’ independent funding of new, 34,000 0 0
flood-related loans (100% private sector)
Funding new, flood-related micro-loans using No data No data No data
government support
(perhaps a THB 90 billion program in place, but no
information available)
Strengthening of Cooperatives’ and Village 12 60 0
Funds’ management information systems, and
corporate governance
(government/IFI funded)
Funding study and implementation of 0 0 72
strengthening of microfinance sector
(government/IFI funded)
SUBTOTAL 36,631 1,220 4,522
Credit Card Companies 82
Replacing losses from flood-impacted defaulters 1,257 1,257 0
(100% private)
SUBTOTAL 1,257 1,257 0
Insurance Companies
Replacing losses from non-reinsured paid-up 9,140 0 0
insurance claims (100% private)
SUBTOTAL 9,140 0 0
Increase
For insurance: see DRM chapter
Disaster
Resilience
TOTAL (for all periods combined: 411,439) 170,140 187,907 53,392
78 The estimation should be calculated after the crisis is over and the full Rapid Assessment is conducted.
79 This is the amalgamation of: (a) SME loans by private banks, guaranteed by the TCGC: first 6 months, THB 34.9 billion
lent by banks, backed by THB 8 billion of guarantees; 6 to 24 months, THB 65 billion lent by banks, backed by THB
15 billion of guarantees; (b) SME loans by private banks via GSB (this is assuming that the parameters are changed to
make these loans more attractive, both to banks and borrowers); (c) loans to SSF members/companies via private banks;
(d) includes THB 1.3 billion (S-T) of estimated loss in interest to commercial banks due to the encouraged restructuring of
loans. See details in table above.
80 See table above for assumed break-down per period, per intervention.
81 The estimation should be calculated after the crisis is over and the full Rapid Assessment is conducted.
74 THAI FLOOD 2011 RAPID ASSESSMENT FOR RESILIENT RECOVERY AND RECONSTRUCTION PLANNING