Glossary

Pandemic

Insight Paper

The Role Of Disaster Risk Finance In Tackling Pandemic And Epidemic Risk

This paper outlines key trends of financial flows toward outbreak response and identifies relevant emerging initiatives.

Brief

Opportunity Cost Of Covid-19 Budget Reallocations: Ethiopia

This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

Brief

Opportunity Cost Of Covid-19 Budget Reallocations: South Africa

This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

Report

Opportunity Cost Of Covid-19 Budget Reallocations: Cross-Country Synthesis

This cross-country synthesis study calculates what the opportunity cost of budget reallocations was during the Covid-19 pandemic.

Working Paper

UN Ocha Anticipatory Action. Lessons From The 2020 Somalia Pilot

This report looks at key lessons from the UN Office for the Coordination of Humanitarian Affairs (OCHA) first anticipatory action (AA) pilot for drought in Somalia.

Working Paper

Funding Covid-19 Response: Tracking Humanitarian And Development Funding To Meet Crisis Needs

This research has highlighted the flaws in the current system which is not always able to support response where need is greatest.

Working Paper

Covid-19 And Inequality: A Review Of The Evidence On Likely Impact And Policy Options

This discussion paper examines the unequal impacts of the pandemic across different groups.

Working Paper

Anticipating The Impact Of Covid-19: Pathways And Timing Of Household Welfare Shocks

This paper summarises the different shocks created by the global Covid-19 crisis.

other key terms

Anticipatory Action

Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.

Index

A measurable indicator used to estimate losses and trigger financial payouts.

Contingent liabilities

Possible financial obligations that only become real if specific future events occur.

Official development assistance (ODA)

Public aid supporting development and welfare in eligible countries, usually on concessional terms.

Contingent loan (or credit) and grants

A pre approved loan released automatically when agreed crisis conditions or triggers are met.

Catastrophe bond

A catastrophe bond (cat bond) is a risk-transfer financial instrument that allows governments or insurers to transfer disaster risk to capital market investors.