Law 1523, adopting the National Policy of Risk Management and the National System of Risk Management

The Law regulates the creation of the National Policy of Risk Management with the objective of identifying, monitoring and analysing risks, preparing measures to address situations of emergency. Other measures include financial instruments and a comprehensive communication system.The Law also establishes the National Risk Management System responsible for integrating various stakeholders (public and private entities) in the development of policies, plans and other institutional mechanisms that address risk management.