How Do You Get Ready for an 8.0+ Earthquake? Learn How the Central Bank of Peru is Doing It!
Peru is one of the most seismically active countries in the world. Peru’s National Civil Defense Institute forecasts up to 50,000 dead, 686,000 injured, and 200,000 homes destroyed if Lima (the nation’s capital) is hit by a magnitude 8.0 earthquake. Lima sits astride the Andes and is at risk of being hammered by a one-two punch, an earthquake followed by a tsunami. There is a lot at risk. Lima is home to a third of Peru’s population, 70% of its industry, 85% of its financial sector, its entire central government, and the majority of Peru’s international commerce.
A Central Bank is essential for a country’s financial system and health. The Bank manages the currency, money supply, payment system of the nation, and interest rates. They do this by controlling the monetary policy of the country and work closely with bank regulators, the Ministry of Finance, and the commercial banks and markets. Because of these critical roles, it is essential that the Central Bank is functional after any major crisis.
Attend this session and learn how the Central Bank of Peru is readying itself and working with the financial system of the country to prepare for a major quake.
- Preparing for a catastrophic earthquake
- How to obtain senior management support
- Building plans and a team for the unthinkable
- Regina Phelps, EMS Solutions Inc.
- Marco Antonio Caceres Granadino, Gerente de Riesgos, Banco CentralDe Reserva Del Perú