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).
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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A predefined threshold that activates payments or actions within risk financing mechanisms.
International crisis financing system
The network of global organisations funding crisis prevention, preparedness and response.
Crisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
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.
Disaster risk management
Policies and actions to reduce disaster risks, manage impacts and strengthen resilience.
Parametric insurance
Insurance that pays when an agreed indicator reaches a set level, not actual losses.
