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 layering
Using different financial instruments for different disaster frequencies.
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.
Pre-arranged financing
Financing approved before crises that is released automatically when agreed triggers are met.
Risk retention
When governments retain and finance disaster costs themselves.
Contingent loan (or credit) and grants
A pre approved loan or grant released automatically when agreed crisis conditions or triggers are met.
Disaster risk financing
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
