DRFF in the News
Jun 27
2024
The “Crisis and Disaster Risk Finance (CDRF) Executive Education Program” held on June 13-14, 2024 at Oxford University, UK was co-delivered with the University of in partnership with the Global Shield against Climate Risks and the Insurance Development Forum. Objective of the Program Governments around the world are seeking better understanding and better ways to manage the risks of weather-related disasters to prevent them from pulling people further into poverty and to limit the economic... Keep reading
Jun 27
2024
At the recent “Understanding Risk 2024 Global Forum”, held in Himeji, Japan, the World Bank’s Crisis and Disaster Risk Finance team, in collaboration with the Global Shield Financing Facility, showcased its contributions to the global disaster risk finance (DRF) agenda. Over four days, from June 17 to June 21, the forum convened global leaders and experts in disaster risk management and finance. Each day was dedicated to exploring different dimensions of financial resilience against natural... Keep reading
Jun 11
2024
Historic Fund will assist developing countries hit by adverse effects of climate change. WASHINGTON, June 10, 2024 —The World Bank’s Board of Executive Directors today approved the World Bank’s role as interim secretariat host and trustee of a fund for responding to loss and damage caused by climate change. In a historic decision at COP28, an agreement was reached by 198 countries to move forward with a fund to provide financial support to vulnerable countries hardest hit by climate impact... Keep reading