Glossary

Early warning system

An integrated system of hazard monitoring, forecasting and prediction, disaster risk assessment, communication and preparedness activities systems and processes that enables individuals, communities, governments, businesses and others to take timely action to reduce disaster risks in advance of hazardous events (UNDRR n.d.).

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This report examines how governments across Burkina Faso, Chad, Mali, Mauritania and Senegal can better plan and budget for disasters before they strike.

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

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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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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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other key terms

International crisis financing system

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

Climate resilient debt clause or 'debt pause clause'

A provision in sovereign debt contracts that enables the borrower to temporarily stop repaying debt service for a pre-agreed period when a predefined event occurs.

Total crisis financing

Development funding focused mainly on crisis prevention, preparedness and response activities.

Covariate shocks

Shocks affecting many households at once where losses are shared across the same community.

Crisis financing

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

International development financing

Public funding flows supporting development objectives in lower income countries.