Global Risk Financing Facility (GRiF) Launched

In partnership with the governments of Germany and the United Kingdom, the World Bank Group announced today a US$ 145 million Global Risk Financing Facility (GRiF) to help vulnerable countries manage to financial impact of climate change and natural hazard-induced shocks. GRiF will directly contribute to the goals of the InsuResilience Global Partnership, launched at COP23 in 2017, and will be a member of its Program Alliance. The GRiF is currently supported by the German Federal Ministry for Economic Cooperation and Development (BMZ) as well as the UK Department for International Development (DFID), and is jointly managed by the World Bank’s DRFIP and GFDRR. For WBG Press release, please click here. Click here to access the media coverage by ARTEMIS.