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.
Read moreCatastrophe 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.
Shock-responsive social protection
Social protection systems adapted to scale quickly when large shocks affect many people.
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.
Disaster
A severe event causing widespread harm that exceeds a community’s ability to cope alone.
Sovereign insurance
Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters.
Ex ante
Actions, decisions or financial arrangements made before a disaster or crisis occurs.
