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International Monetary Fund. Fiscal Affairs Dept.

risk of macroeconomic or other shocks with the impact of a major climate-related natural disaster in a fiscal stress test. Box 4. State Asset Insurance Scheme in Indonesia Indonesia’s asset management policies and practices address climate-related risks. The country has put in place a State Asset Insurance Policy program to insure public assets against climate and disaster risks, in the context of the National Disaster Risk Financing and Insurance strategy (DFRI). In 2019 the government introduced a state building insurance scheme, as the first phase of the