Glossary

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).

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Insight Paper

Addressing Loss And Damage: Insights On The Fund And The Global Shield

This insight paper aims to improve the reader’s understanding of two initiatives aiming to address aspects of climate challenge.

Brief

Opportunity Cost Of Covid-19 Budget Reallocations: South Africa

This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

other key terms

Contingent loan (or credit) and grants

A pre approved loan or grant released automatically when agreed crisis conditions or triggers are met.

International development financing

Public funding flows supporting development objectives in lower income countries.

Risk layering

Using different financial instruments for different disaster frequencies.

Resilience

The ability to withstand shocks, adapt, recover and continue functioning over time.

Contingent liabilities

Possible financial obligations that only become real if specific future events occur.

Social protection

Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.