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 moreRisk retention
When governments retain and finance disaster costs themselves.
Preparedness
Skills, systems and resources developed to respond effectively to likely future crises.
Official development assistance (ODA)
Public aid supporting development and welfare in eligible countries, usually on concessional terms.
Resilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
Risk profile
Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.
Disaster risk financing
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
