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14 March 2024
“ PRB, Indonesia, Tangguh !” This was the spirit of the week of March 4-7, 2024, when 37 government officials from five-line ministries and nine units within Ministry of Finance (MoF) convened at the Institut Teknologi Bandung (ITB). “PRB (Pembiayaan Risiko Bencana), Indonesia, Tangguh”, which translates to “disaster risk finance (DRF) for a resilient Indonesia” in Bahasa Indonesia, was the topic of discussion. What is DRF? DRF is an approach for financial planning, where countries can... Keep reading
29 April 2021
Shocks--no matter their cause--are inevitable. We all know that. Through the Global Risk Financing Facility (GRiF), we strive to help vulnerable countries prepare financially for those shocks. So, they can resist, rebound, and recover from their financial impacts. We've learned a lot in the two years since GRiF went from design to implementation. Today, virtually everything we do is designed to help lessen the impact of climate shocks, disasters, and crises. Our first public annual report shows... Keep reading
25 June 2020
COVID-19 has halted the world as we know it. Unfortunately, natural disasters and climate shocks will not stop in its wake. When disasters do strike, they compound the already devastating impacts of COVID-19. After only a few months, COVID-19 has already increased countries’ vulnerability to disasters and has reduced the countries’ capacity for dealing with shocks. It is placing a heavy burden on national health care and social protection systems; it imposes ever-increasing economic exposure in... Keep reading