Glossary

Preparedness

The knowledge and capacities developed by governments, response and recovery organisations, communities, and individuals to effectively anticipate, respond to and recover from the impacts of likely, imminent or current crises. Preparedness can be distinguished between financial preparedness (e.g. the creation of budgetary or financial mechanisms to respond to a particular type of crisis) and delivery system preparedness (e.g. investments in enabling social protection systems to be able to scale up rapidly following a crisis) (the Centre, based on UNISDR 2016).

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This report captures and builds on learning from the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) anticipatory action pilot in Nepal.

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This guidance note is intended as a common framework to support practical approaches to meaningful accountability across the sector.

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This guidance document offers practical steps on how to capture lessons from DRF initiatives.

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This brief reviews the evidence on the welfare impacts of proactive approaches to setting up finance for disaster response.

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other key terms

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.

Shock-responsive social protection

Social protection systems adapted to scale quickly when large shocks affect many people.

Contingent liabilities

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

Risk profile

Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.

Basis risk

The gap between measured indicators and real losses causing payouts to differ from actual damage.

Prevention

Actions taken to avoid or reduce the impacts of future crises and hazards.