DRFF in the News
Nov 13
2024
Photo: World Bank
BAKU, November 12, 2024 —The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing small, vulnerable states to postpone loan and interest repayments after a catastrophic event—so governments can focus on recovery rather than paying off debt. In response to feedback from countries, the World Bank’s Climate Resilient Debt Clause (CRDC) now covers all natural disasters, including droughts, floods and health emergencies like pandemics. Previously,... Keep reading
Nov 12
2024
Collage of Event Presentations
In the beginning of October, ZEP-RE – the COMESA region reinsurer [1] - facilitated a discussion between East African Insurers Supervisors Association (EAISA) and the World Bank (WB) focusing on disaster risk financing and insurance (DRFI) initiatives in their respective markets. Supervisors from the countries: Burundi, Democratic Republic of Congo, Kenya, Malawi, Somalia, Tanzania, Uganda, Zambia, and Zimbabwe, had previously expressed interest in DRFI and its value in their countries through... Keep reading
Nov 02
2024
The Global Knowledge Exchange on Agriculture Risk Finance Webinar Series was launched on October 30, 2024, by the World Bank Group’s Disaster Risk Financing and Insurance Program in partnership with the ASEAN+3 Disaster Risk Finance Initiative, ASEAN Secretariat and Southeast Asia Disaster Risk Insurance Facility (SEADRIF). This knowledge series builds on the success of the last two Disaster Risk Financing for Agriculture (DRFA) Knowledge series – Strengthening Financial Resilience in... Keep reading