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GRA · Disaster Risk Finance

Spatial financeWhere capital meets hazard, exposure and transition

Reader questions and safeguards

A disaster risk financing strategy rests on a few questions answered with evidence: what losses fall on the budget, how they are distributed over time, what existing sources can pay and how fast. This checklist sets out that evidence before a ministry discusses instruments with lenders, insurers or pools.

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01Sequence

The order things happen in.

  1. 01QuestionNational, regional or institutional priority
  2. 02EvidenceSTEM foundation of the platform
  3. 03BuildFoundry
  4. 04OrganiseNexus ecosystem
  5. 05TestUniverse (independent site)
  6. 06PublishReports
  7. 07DecideCompetent authorities and institutions, through NXS-RLS (participants, agreements and handoffs)
  8. 08RenewCorrections and the next annual agenda
02Checklist

Seven questions.

  1. 01

    Purpose

    What problem does the programme address, and for whom?

  2. 02

    Evidence

    What hazard, exposure and vulnerability evidence supports it, with what uncertainty?

  3. 03

    Ownership

    Who owns the programme and answers for it?

  4. 04

    Governance

    How are decisions taken, recorded and challenged?

  5. 05

    Data

    Which data is used, on what terms, and how is it protected?

  6. 06

    Risks

    What could go wrong, and how is it managed?

  7. 07

    Monitoring

    How will results be measured and reported?

03Before a ministry compares

Before a ministry compares instruments.

  • Loss history by event and year, from national records and databases such as DesInventar.
  • Modelled fiscal loss at several return periods, with the model named.
  • Contingent liabilities: which private losses the state usually covers in practice.
  • Existing instruments: reserve funds, pool memberships, contingent credit, bonds.
  • Delivery channels: shock-responsive social protection, contingency plans required by pools.
04Process

How the process runs.

Process explorer · Process

Reader questions and safeguards: Policy question to decision

9 steps5 stages1 gate

Process

Reader questions and safeguards: Policy question to decision

A priority becomes a question, evidence, a decision case and a limited publication; the competent authority decides, never the programme.

  1. 01 Question

    1. 01A priority becomes a questionStep · Universe; national counterpartsA priority becomes a researchable question with stated criteria. National counterparts own the agenda, data and decisions.
    2. 03Scientific and stakeholder challengeStep · the Global Centre for Risk and Innovation (GCRI); the Global Risks Forum (GRF)Scientific and affected-stakeholder challenge informs mission selection and methods.

  2. 02 Evidence and options

    1. 04Assemble the evidenceStep · GCRIMethods, labelled data and uncertainty are assembled. Every finding carries one of nine evidence labels.
    2. 06Decision case with optionsRecord · The decision owner named in the caseA decision case binds owner, alternatives, evidence and deadline. It needs sensitivity and robustness.

  3. 03 Review and publication

    1. 07G6 · Publication authorisedGate · The Global Risks ForumGRF authorises publication of results that have passed scientific and editorial review. It cannot publish personal data.
    2. 08Publish with method, uncertainty and limitsRecord · ReportsFindings are published with their method, uncertainty and limits. An edition is published after review, not to a calendar.

  4. 04 Outside the programme

    1. 02Competent authority decidesDecision · The competent authorityThe authority or institution decides under its own rules. The authority decides; the programme informs.
    2. 05Action and implementation stay with the ownersActor · The relevant government, operator or licensed institutionDecisions and execution stay with the relevant government, operator or licensed institution. The programme records one only if shared.

  5. 05 Learning

    1. 09Corrections and lessons feed the next agendaStep · UniverseCorrections and lessons feed the next annual agenda. The findings of one year set the mandate of the next.

The Nexus cycle · Decision rights · The programme yearDesigned programme process, not a record of operation. No cycle has run and every programme is at service level R0. A gate is a programme decision, never a public-authority approval, certification or deployment authorisation.

05Basis risk

A parametric design checklist.

  • Does the trigger area cover where exposure actually is?
  • Has the trigger been replayed against historical events, and how often would it have missed a damaging one?
  • Is the index independently calculated and published?
  • Is there a plan for an event that causes loss but does not trigger?
06Sources

Where this page's references lead.

The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.

07Questions

Questions and answers.

Is the checklist a standard?
No. It is a working aid. Institutions apply their own standards and rules.
Disaster Risk Finance

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