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.).
This study analysed international financial flows to nine countries for the 18 months after recent crises to understand funding timelines and other features.
Read moreHazard
A natural or human process that can cause injury, damage or disruption.
Contingent liabilities
Possible financial obligations that only become real if specific future events occur.
Crisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
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.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
Basis risk
The gap between measured indicators and real losses causing payouts to differ from actual damage.
