DRFF in the News

WASHINGTON, March 18, 2025—The World Bank’s Board of Directors today approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, which aims to enhance access to microcredit and support the resilience of the microfinance sector and its borrowers, particularly in the face of climate-related shocks. "Microfinance is a critical tool for supporting the livelihoods of vulnerable populations in Pakistan. This project will help strengthen the resilience of the...

STORY HIGHLIGHTS In December 2024, Cyclone Chido hit Comoros and destroyed homes and crops on the islands of Anjouan and Mohéli, leaving many without food and shelter and endangering livelihoods. As a member of the Regional Emergency Preparedness and Access to Inclusive Recovery Program (REPAIR), a $926 million regional climate risk fund established by the World Bank in partnership with African Risk Capacity Limited, Comoros received prompt financial support and was able to distribute emergency...

In fiscal year 2024, the Global Shield Financing Facility (GSFF) continued its efforts to support the global community in closing critical protection gaps, enhancing crisis preparedness, and strengthening partnerships for climate and disaster resilience. Throughout the year, GSFF supported implementation of programs in 18 countries, increasing access to finance for climate and disaster shocks, and offering protection to 51.2 million people, including over 25 million women. Financial protection...