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)
Risk transfer
When disaster risk is shifted to insurers or capital markets.
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Financial Flows
Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.
Official development assistance (ODA)
Public aid supporting development and welfare in eligible countries, usually on concessional terms.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
International development financing
Public funding flows supporting development objectives in lower income countries.
