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)
Parametric insurance
Insurance that pays when an agreed indicator reaches a set level, not actual losses.
Official development assistance (ODA)
Public aid supporting development and welfare in eligible countries, usually on concessional terms.
International crisis financing system
The network of global organisations funding crisis prevention, preparedness and response.
Crisis
A situation where severe needs overwhelm local and national capacity to respond effectively.
Resilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
Ex ante
Actions, decisions or financial arrangements made before a disaster or crisis occurs.
