Glossary

Trigger

A trigger is a predefined threshold of an index underlying a risk finance mechanism which, if exceeded, prompts a payout. A trigger may also leave an element of discretion to a designated party about whether or not to launch a response activity (Centre for Disaster Protection).

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Brief

Debt Pause Clauses Confront Their First Disaster: From Hurricane Beryl To Broader Policy Momentum

This policy brief examines the first real-world use of debt pause clauses - contractual mechanisms that allow sovereign borrowers to temporarily defer debt payments in the wake of a disaster.

Paper

Malawi Anticipatory Action: Process Learning On Trigger Development

This report offers lessons on the process of developing the trigger for the Malawi AA Framework and captures lessons on how AA pilots are being designed and implemented in real time.

Report

Exploring A Role For Triggers And Risk-Informed Financing In Complex Crises

Alongside the Airbel Research and Innovation Lab we provide key lessons for how effective crisis response can be financed and triggered

Guidance Note

Being Timely: Creating Good Triggers And Plans In Disaster Risk Financing

Practical guidance on contingency planning a before a disaster strikes to support a faster, more coordinated, and ultimately, more effective response.

Guidance Note

Aligning With The Bigger Picture: Thinking Strategically In Disaster Risk Financing

This publication explains the importance of thinking strategically and sets out four principles for taking a strategic approach, with practical advice and resources.

Paper

Anticipating The Impact Of Covid-19: Pathways And Timing Of Household Welfare Shocks

This paper summarises the different shocks created by the global Covid-19 crisis.

Paper

Financing Explicit Contingent Liabilities Through IDA

This paper proposes an innovative approach to financing contingent liabilities using IDA.

other key terms

Crisis risk

The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.

Other official flows (OOF)

Public funding supporting development that does not meet official aid definitions.

Adaptive social protection

Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.

Ex ante

Actions, decisions or financial arrangements made before a disaster or crisis occurs.

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.

International development financing

Public funding flows supporting development objectives in lower income countries.