Official development assistance (ODA)
Often understood as ‘aid’. The official definition is: “Resource flows to countries and territories on the DAC List of ODA Recipients (developing countries) and to multilateral agencies which are: (a) undertaken by the official sector; (b) with promotion of economic development and welfare as the main objective; (c) at concessional financial terms. In addition to financial flows, technical co-operation is included in aid. Grants, loans and credits for military purposes and transactions that have primarily commercial objectives are excluded. Transfer payments to private individuals (e.g. pensions, reparations or insurance payouts) are in general not counted.” (OECD n.d.).
This study analysed international financial flows to nine countries for the 18 months after recent crises to understand funding timelines and other features.
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We explore the key issues in developing a methodology for calculating pre-arranged funding.
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This paper argues that civil society organisations play a vital role in ensuring that crisis financing approaches are designed and delivered effectively.
Read moreInternational premium support
Premium support is international funding to pay for insurance premiums.
Climate resilient debt clause or 'debt pause clause'
A provision in sovereign debt contracts that enables the borrower to temporarily stop repaying debt service for a pre-agreed period when a predefined event occurs.
Fragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
International crisis financing system
The network of global organisations funding crisis prevention, preparedness and response.
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Disaster
A severe event causing widespread harm that exceeds a community’s ability to cope alone.
