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

Official development assistance (ODA)

Public aid supporting development and welfare in eligible countries, usually on concessional terms.

Crisis risk

The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.

Crisis financing

Funding designed to prevent, prepare for and respond to crises before and after they occur.

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 finance diagnostic

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

Cost multiple

The cost multiple measures the average amount a government pays to receive USD 1 of payout from a financing instrument over its lifetime.