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

Resilience

The ability to withstand shocks, adapt, recover and continue functioning over time.

Disaster risk finance diagnostic

An analytical assessment of a country’s disaster risk profile.

Early warning system

Systems that monitor hazards and share information early, so people can act in time.

Development bank

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

Anticipatory Action

Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.

Fragility

High exposure to risk combined with weak capacity to cope, often leading to crisis.