Glossary

Disaster risk financing

Disaster risk financing covers the system of budgetary and financial mechanisms to credibly pay for a specific risk, arranged before a potential shock. This can include paying to prevent and reduce disaster risk, as well as preparing for and responding to disasters (Centre for Disaster Protection 2019).

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The report contributes to a broader study to consider the opportunities, potential risks, and benefits of channelling disaster risk financing instruments through national social protection systems.

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The report contributes to a broader study to consider the opportunities, potential risks, and benefits of channelling disaster risk financing instruments through national social protection systems.

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The report contributes to a broader study to consider the opportunities, potential risks, and benefits of channelling disaster risk financing instruments through national social protection systems.

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The study puts forward six lessons and 12 recommendations for donors interested in supporting this agenda.

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A Year in Review is the Centre’s first published annual report. It details our progress and the challenges we’ve encountered, and showcases our impact.

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This paper outlines key trends of financial flows toward outbreak response and identifies relevant emerging initiatives.

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This guidance note is intended as a common framework to support practical approaches to meaningful accountability across the sector.

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This guidance note provides an overview of the Centre for Disaster Protection’s quality assurance service—a free-to-use and impartial service.

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This guidance document offers practical steps on how to capture lessons from DRF initiatives.

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This paper explores how DRF instruments are being framed and understood within the panorama of Loss and Damage policy and finance agendas, highlighting areas of contention and sensitivity.

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This brief reviews the evidence on the welfare impacts of proactive approaches to setting up finance for disaster response.

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This paper examines the evidence on how to prepare better for disasters.

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In the face of increasing climate volatility and stretched aid budgets, more effective ways to support households in times of crisis are needed.

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This working paper presents a framework for understanding accountability as well as an overview of implementation.

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This discussion paper examines the unequal impacts of the pandemic across different groups.

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This guidance note sets out some questions to help ensure that DRF is most directed to those who are least able to withstand shocks.

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Practical guidance on contingency planning a before a disaster strikes to support a faster, more coordinated, and ultimately, more effective response.

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This guidance note sets out practical ways to ensure quality, independent scrutiny and improved learning in your DRF initiatives.

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This guidance note gives practical advice on consulting and involving communities in decision-making that impacts their lives.

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This publication explains the importance of thinking strategically and sets out four principles for taking a strategic approach, with practical advice and resources.

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This paper aims to identify available data and methodologies, explore whether these could support a global database to track disaster-related financial flows.

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This insight paper examines the challenge of handling basis risk in disaster risk financing systems.

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This paper and accompanying policy brief detail how the CRW has been used to date, and identifies a number of concrete ways of improving its performance.

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This paper argues that civil society organisations play a vital role in ensuring that crisis financing approaches are designed and delivered effectively.

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Lessons for IDA from the UK Government’s approach to explicit contingent liabilities.

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This paper charts the evolution of the World Bank’s approach to crisis risk financing.

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other key terms

Development bank

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

Pre-arranged financing

Financing approved before crises that is released automatically when agreed triggers are met.

Prevention

Actions taken to avoid or reduce the impacts of future crises and hazards.

International crisis financing system

The network of global organisations funding crisis prevention, preparedness and response.

Crisis risk

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

Basis risk

The gap between measured indicators and real losses causing payouts to differ from actual damage.