DRFF in the News
Feb 18
2025
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... Keep reading
Feb 10
2025
The third webinar in the Global Knowledge Exchange on Agriculture Risk Finance Webinar Series "Market-Based Instruments for Climate and Disaster Risk Financing for Agriculture" was held on December 12, 2024. The 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). The third webinar discussed... Keep reading
Jan 30
2025
Somalia is a highly vulnerable country to natural hazards and struggles severely with disaster response. This chronic vulnerability, exacerbated by frequent and intensifying droughts, floods, and other climate-related events, tripling since 1980, has devastating consequences for lives, livelihoods, and the economy. The Federal Government of Somalia (FGS) has recognized the urgency of strengthening its capacity to manage the financial and economic impact of climate shocks and disasters... Keep reading