Glossary
Sahel
other key terms
International crisis financing system
The network of global organisations funding crisis prevention, preparedness and response.
Pre-arranged financing
Financing approved before crises that is released automatically when agreed triggers are met.
Parametric insurance
Insurance that pays when an agreed indicator reaches a set level, not actual losses.
Basis risk
The gap between measured indicators and real losses causing payouts to differ from actual damage.
Resilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
Early warning system
Systems that monitor hazards and share information early, so people can act in time.
