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
Ex ante
Actions, decisions or financial arrangements made before a disaster or crisis occurs.
Other official flows (OOF)
Public funding supporting development that does not meet official aid definitions.
Early warning system
Systems that monitor hazards and share information early, so people can act in time.
Index
A measurable indicator used to estimate losses and trigger financial payouts.
Social protection
Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.
Contingent liabilities
Possible financial obligations that only become real if specific future events occur.
