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

Basis risk

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

Sovereign insurance

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

Pre-arranged financing

Financing approved before crises that is released automatically when agreed triggers are met.

Prevention

Actions taken to avoid or reduce the impacts of future crises and hazards.

Fragility

High exposure to risk combined with weak capacity to cope, often leading to crisis.

Shock-responsive social protection

Social protection systems adapted to scale quickly when large shocks affect many people.