Glossary

Financial Flows

Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.

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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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This Disaster Risk Diagnostic supports The Gambia’s efforts to strengthen disaster risk financing and recommends ways to build a clearer risk profile.

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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 policy brief draws on the findings of five Discussion Papers in the Centre’s IDA19 Series.

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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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This paper proposes an innovative approach to financing contingent liabilities using IDA.

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other key terms

Development insurer

An insurer supporting development goals through insurance products and technical assistance.

Sovereign insurance

Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters.

Official development assistance (ODA)

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

Other official flows (OOF)

Public funding supporting development that does not meet official aid definitions.

Risk transfer

When disaster risk is shifted to insurers or capital markets.

Basis risk

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