Glossary

International development financing

International development financing includes official development assistance (ODA) and other aid-like flows, referred to in OECD DAC aid statistics as other official flows (OOF) (Centre for Disaster Protection).

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This is the third year that the Centre for Disaster Protection has published its flagship report, and this year it goes further than ever before.

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This data-led report assesses the state of pre-arranged financing supported with international development financing in low-and middle-income countries.

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This cross-country synthesis study calculates what the opportunity cost of budget reallocations was during the Covid-19 pandemic.

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This report offers lessons on the process of developing the trigger for the Malawi AA Framework and captures lessons on how AA pilots are being designed and implemented in real time.

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This research has highlighted the flaws in the current system which is not always able to support response where need is greatest.

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other key terms

Crisis financing

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

Accountability

Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.

Catastrophe bond

A catastrophe bond (cat bond) is a risk-transfer financial instrument that allows governments or insurers to transfer disaster risk to capital market investors.

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.

Risk retention

When governments retain and finance disaster costs themselves.

Anticipatory Action

Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.