Hazard
A process, phenomenon or human activity that may cause loss of life, injury or other health impacts, property damage, social and economic disruption or environmental degradation (UNISDR 2016).
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Pre-arranged financing
Financing approved before crises that is released automatically when agreed triggers are met.
Risk retention
When governments retain and finance disaster costs themselves.
Financial Flows
Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.
Development bank
A public financial institution providing loans, grants and expertise to support development goals.
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.
