Glossary

Resilience

The ability of a system, community or society exposed to hazards to resist, absorb, accommodate, adapt to, transform and recover from the effects of a hazard in a timely and efficient manner, including through the preservation and restoration of its essential basic structures and functions through risk management (UNISDR 2016).

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This report on Mali provides an in-depth analysis of the country’s social protection and disaster risk financing landscape to inform future programme design.

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other key terms

International crisis financing system

The network of global organisations funding crisis prevention, preparedness and response.

Risk layering

Using different financial instruments for different disaster frequencies.

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.

Crisis risk

The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.

Preparedness

Skills, systems and resources developed to respond effectively to likely future crises.

Attachment point

The loss level above which a reinsurer begins paying under a reinsurance agreement.