Glossary
Risk retention
When governments retain and finance disaster costs themselves.
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This report offers an in-depth assessment of pre-arranged financing tools using seven key criteria for ensuring pre-arranged financing reduces the human and financial costs of disasters
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Vulnerability
Conditions that increase how severely people or communities are affected by hazards.
Official development assistance (ODA)
Public aid supporting development and welfare in eligible countries, usually on concessional terms.
Risk transfer
When disaster risk is shifted to insurers or capital markets.
Disaster risk management
Policies and actions to reduce disaster risks, manage impacts and strengthen resilience.
Disaster risk finance diagnostic
An analytical assessment of a country’s disaster risk profile.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
