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 moreResilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
Total crisis financing
Development funding focused mainly on crisis prevention, preparedness and response activities.
Prevention
Actions taken to avoid or reduce the impacts of future crises and hazards.
Sovereign insurance
Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters.
Crisis protection gap
The difference between expected crisis costs and funding already arranged to cover them.
Covariate shocks
Shocks affecting many households at once where losses are shared across the same community.
