DRFF in the News
Mar 30
2023
WASHINGTON, March 24, 2023 – The World Bank today approved $100 million in financing from the International Development Association (IDA)* to strengthen the social protection system and expand the coverage of poor households in the productive social safety net. The Benin Productive Social Safety Net Program (PSSNP) is aimed specifically at expanding the national Gbessoke safety net program and improve its ability to better support poor households during shocks. At least 150,000 individuals,... Keep reading
Mar 29
2023
Image Credit: Juda / Pixabay
WASHINGTON, March 28, 2023 —The World Bank’s Board of Executive Directors today approved a $100 million loan to help the Indian state of Odisha strengthen its early forecasting systems for improved response to disasters and enhance its social protection coverage for poor and vulnerable households through digital platforms. The coastal state of Odisha is vulnerable to natural disasters with cyclones hitting the state every 15 months on an average. The state’s 480 km coastline is also exposed to... Keep reading
Mar 27
2023
Photo Credit: Eftychia Syrimi / Pexels.com
Posted on March 22, 2023 by James Verstringhe London, 22 March 2023 – In a first for Africa’s second most disaster-prone country, the Mozambique Government through the National Institute of Disaster Management (INGD) has purchased cyclone insurance in an effort to protect its most vulnerable populations from the increasingly frequent impact of cyclones. Africa Specialty Risks was the lead reinsurer in the inaugural Mozambique cyclone parametric placement. This innovative wind speed and rainfall... Keep reading