Prevention
Activities and measures to avoid existing and new crisis risks, including mitigation activities that lessen or minimise the adverse impacts of a hazardous event without fully avoiding the impacts (the Centre, based on UNISDR 2016).
Preparedness
Skills, systems and resources developed to respond effectively to likely future crises.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
Crisis
A situation where severe needs overwhelm local and national capacity to respond effectively.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
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.
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.
