The Caribbean Development Bank (CDB) is proposing three specific tools that better capture the vulnerability and resilience conditions in Small Island Developing States (SIDS) and developing countries. These tools, which utilise a dynamic and forward-looking framework, focus on:
- measuring Internal Resilience Capacity (IRC) which estimates a country’s ability to recover from an exogenous shock
- the duration of recovery for developing countries after an exogenous shock or multiple shocks compared which is much longer than developed countries
The CDB framework comprises three tools including:
- the IRC metric
- Recovery Duration Adjuster (RDA), and
- Vulnerability and Resilience Assessment Tool.