Cost multiple
The cost multiple measures the average amount a government pays to receive USD 1 of payout from a financing instrument over its lifetime, expressed in present value terms.
This working paper presents a framework that compares contingent loans, grants from multilateral development banks, catastrophe bonds, and insurance provided through regional risk pools.
Read moreShock-responsive social protection
Social protection systems adapted to scale quickly when large shocks affect many people.
Attachment point
The loss level above which a reinsurer begins paying under a reinsurance agreement.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
Ex ante
Actions, decisions or financial arrangements made before a disaster or crisis occurs.
Crisis
A situation where severe needs overwhelm local and national capacity to respond effectively.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
