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The Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) are valuable components of the disaster risk financing tool kit for Fund members, especially developing countries. They help to meet urgent balance of payments needs, and are designed to play a catalytic role in mobilizing other external financing. This paper develops proposals for a higher annual access limit under the RCF and RFI, building on a November 2016 staff paper on small states' resilience to natural disasters and climate change (IMF, 2016c). Directors generally supported the proposal in that paper to establish higher annual access limits of 60 percent of quota under the RCF and RFI for countries experiencing severe natural disaster-related damages. The focus of this paper is to specify the threshold of damage from a natural disaster that would allow members experiencing urgent balance of payments needs arising from such disasters to access emergency financing at the higher annual limit. In the November 2016 paper, staff proposed, among other things, the possibility of establishing a higher access limit under the RCF and RFI where the amount of damage reached the threshold of 30 percent of GDP. Most Directors regarded the proposed threshold of disaster damage as overly restrictive, and suggested lowering the threshold to 20 percent of GDP or lower, provided that this did not jeopardize the self-sustainability of the PRGT. For a range of future disaster outcomes, a damage threshold of 20 percent of GDP could increase projected annual average PRGT loan demand in the 1-5 percent range over the next decade, which should not pose significant risks to the robustness of PRGT self-sustainability. Cautious stewardship of PRGT resources argues against a lower disaster damage threshold, pending further experience with disaster trends and associated PRGT loan demand. This paper does not propose changes to the current cumulative access limits for the RCF and RFI. The cumulative access limits play an important role in the Fund's financing architecture, constraining the extent to which countries can access Fund resources without implementing a Fund-supported program with upper credit tranche (UCT) conditionality and associated policies in circumstances where such a program would be more appropriate. The Board will have the opportunity to review the cumulative access limits in the context.

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Executive Directors welcomed the report of the Independent Evaluation Office (IEO) on IMF Engagement with Small Developing States (SDS) and appreciated its insights and recommendations. They welcomed the report's finding that the Fund has substantially stepped up its engagement with its SDS members over the past decade, and that SDS country officials generally considered Fund surveillance and capacity development (CD) activities of high quality and well-tailored to their needs.

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"With the evolution of today's educational contexts, teacher education is becoming increasingly important into European political discussion, in relation to its ability to improve the results of student learning. The need to confront new changes clearly signifies that the professionalism of teachers cannot be limited to competencies and skills learning, however, it does require new strategic dimensions of professional activation, oriented towards better identifying personal goals and strategies to be achieved. The text re-draws the paradigm of the continuing teacher professional development by integrating the capability approach with the models of competencies. Starting from the analysis of European policies on teacher education, the text carry out an experimental research into pre-school settings to explore the importance of individual choice: throught the creation of innovative research tools and a self-training methodology, pre-school teachers involved improved their self-determine agency and better qualified professional development. The text meets the interests of researchers, as a important contribution to rethink the topic of teacher training, also for the chosen methodological approach; for teachers, it wants to deepen the sense of educational professionalism, updated to the most recent topics and issues; finally, it meets the interests of aspiring in-training teachers or aspiring researchers for the richness of its contents, in order to inspire the elaboration of new, original research perspectives.".

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Natural disasters --- Catastrophes naturelles --- Natural disasters.

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Natural and environmental hazards research comprises a diverse set of subjects and methodologies and this book is no exception - offering the reader only a small glimpse into the physical and social processes that threaten human interests. Atmospheric Hazards-Case Studies in Modeling, Communication, and Societal Impacts explores atmospheric-based hazards through focused investigations ranging from a local to global perspective. Within this short compendium, the major scales of atmospheric motion are well represented with topics on microscale turbulent transport of pollutants, mesoscale events stemming from thunderstorm complexes, and synoptic scale extreme precipitation episodes. Chapters include discussions on modeling aspects for investigating hazards (pollution, regional climate models) and the forecasting and structure of high wind events (derechos), whereas others delve into hazard communication, preparedness, and social vulnerability issues (tornadoes, hurricanes, and lightning). Although the chapters are quite disparate upon first inspection, the topics are united through their interweaving of both the physical and societal mechanisms that create the atmospheric hazard and eventual disaster.

Natural disasters. --- Natural calamities --- Disasters --- Natural disasters