Glossary
Covariate shocks
Covariate shocks are those which affect many people in the same community at once; the experience of one household is highly covariate with that of other households in the community (Jalan and Ravallion 1999).
other key terms
Social protection
Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.
Fragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
Resilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
Index
A measurable indicator used to estimate losses and trigger financial payouts.
Disaster
A severe event causing widespread harm that exceeds a community’s ability to cope alone.
Hazard
A natural or human process that can cause injury, damage or disruption.
