Crisis
A situation creating severe and widespread needs that exceed the existing local and national capacities to prevent, mitigate, or respond. This includes crises arising from a range and combination of hazards including conflict, weather and climate-related events and stresses, and disease (Centre for Disaster Protection).
Alongside the Airbel Research and Innovation Lab we provide key lessons for how effective crisis response can be financed and triggered
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This paper and accompanying policy brief detail how the CRW has been used to date, and identifies a number of concrete ways of improving its performance.
Read moreCrisis protection gap
The difference between expected crisis costs and funding already arranged to cover them.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Contingent liabilities
Possible financial obligations that only become real if specific future events occur.
Climate resilient debt clause or 'debt pause clause'
A provision in sovereign debt contracts that enables the borrower to temporarily stop repaying debt service for a pre-agreed period when a predefined event occurs.
Financial Flows
Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.
Fragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
