Ex ante
Latin for ‘from before’. In the context of disaster events, ex ante instruments are arranged before the event, and ex ante decisions are made at that time as well (Clarke and Dercon 2016).
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Preparedness
Skills, systems and resources developed to respond effectively to likely future crises.
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.
Risk profile
Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.
Indemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Crisis protection gap
The difference between expected crisis costs and funding already arranged to cover them.
