Development bank
Financial institution that offers financing (typically in the form of loans and grants) and complementary technical assistance, tied to explicit development objectives (Centre for Disaster Protection).
Risk transfer
When disaster risk is shifted to insurers or capital markets.
Social protection
Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.
Financial Flows
Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
Contingent loan (or credit) and grants
A pre approved loan or grant released automatically when agreed crisis conditions or triggers are met.
Risk retention
When governments retain and finance disaster costs themselves.
