Other official flows (OOF)
'Aid-like' flows from official donors to developing countries, which do not meet the strict definition of ODA, but which contribute at least in part to development. The official definition is: “Transactions by the official sector with countries on the DAC List of ODA Recipients which do not meet the conditions for eligibility as Official Development Assistance, either because they are not primarily aimed at development, or because they have a grant element of less than 25 per cent." (OECD 2023)
Financial Flows
Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.
Disaster
A severe event causing widespread harm that exceeds a community’s ability to cope alone.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
Crisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
Risk retention
When governments retain and finance disaster costs themselves.
Resilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
