Glossary

Disaster

A sudden, calamitous event that seriously disrupts the functioning of a community or society and causes human, material, and economic or environmental losses that exceed the community’s or society’s ability to cope using its own resources. Though often caused by nature, disasters can have human origins (IFRC, n.d.).

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This study analysed international financial flows to nine countries for the 18 months after recent crises to understand funding timelines and other features.

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other key terms

Risk profile

Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.

International premium support

Premium support is international funding to pay for insurance premiums.

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.

International crisis financing system

The network of global organisations funding crisis prevention, preparedness and response.

Development bank

A public financial institution providing loans, grants and expertise to support development goals.

Social protection

Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.