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 moreCrisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
Anticipatory Action
Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.
Risk layering
Using different financial instruments for different disaster frequencies.
Early warning system
Systems that monitor hazards and share information early, so people can act in time.
Crisis protection gap
The difference between expected crisis costs and funding already arranged to cover them.
