Glossary

Contingent loan (or credit) and grants

A type of pre-arranged financing whereby a loan or grant is approved in advance of a crisis and is guaranteed to be provided to a specific implementer when a specific pre-identified trigger condition is met (Centre for Disaster Protection).

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The clearest picture yet of what countries actually want from pre-arranged finance and what institutional frictions slow delivery.

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Pre-arranged financing is expanding fast, but the voices of the countries it is meant to protect are too rarely heard. This report gives the clearest picture yet of what countries actually want.

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The first cross-country evidence on what governments actually want from pre-arranged financing, drawing on evidence from nearly 250 government officials and national stakeholders.

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This working paper presents a framework that compares contingent loans, grants from multilateral development banks, catastrophe bonds, and insurance provided through regional risk pools.

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This working paper asks what is required for social protection systems to deliver timely, predictable, well-targeted and cost-effective shock response to disasters.

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This insight paper provides an overview of the key features of debt pause clauses, also known as climate resilient debt clauses.

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This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

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other key terms

Basis risk

The gap between measured indicators and real losses causing payouts to differ from actual damage.

Disaster risk financing

Financial arrangements made in advance to pay for disaster prevention, response and recovery.

Disaster risk finance diagnostic

An analytical assessment of a country’s disaster risk profile.

Resilience

The ability to withstand shocks, adapt, recover and continue functioning over time.

Crisis financing

Funding designed to prevent, prepare for and respond to crises before and after they occur.

Other official flows (OOF)

Public funding supporting development that does not meet official aid definitions.