Glossary

Sustainable development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs (UN 1987).

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This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

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This guidance document offers practical steps on how to capture lessons from DRF initiatives.

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We explore the key issues in developing a methodology for calculating pre-arranged funding.

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This research has highlighted the flaws in the current system which is not always able to support response where need is greatest.

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It is well known that in the event of a disaster, the speed of response is key, this report examines the options that may be available.

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This guidance note sets out practical ways to ensure quality, independent scrutiny and improved learning in your DRF initiatives.

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This synthesis report examines the role that insurance can play in supporting sustainable development and growth

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other key terms

Disaster risk finance diagnostic

An analytical assessment of a country’s disaster risk profile.

Social protection

Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.

International crisis financing system

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

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.

Vulnerability

Conditions that increase how severely people or communities are affected by hazards.

Risk transfer

When disaster risk is shifted to insurers or capital markets.