DRFF in the News
Nov 24
2021
WASHINGTON, November 17, 2021 – The World Bank’s Board of Executive Directors has approved today a new contingent line of credit to help strengthen the Philippines’ institutional and financial capacity to manage risks from climate change, natural disasters, and disease outbreaks. The Fourth Disaster Risk Management Development Policy Loan with a Catastrophe-Deferred Drawdown Option (CAT-DDO 4) provides US$500 million funding that the Philippines can quickly tap to manage financial impacts... Keep reading
Nov 17
2021
On November 15, the Disaster Risk Financing and Insurance team, including Evie Calcutt (Financial Sector Specialist, Crisis and Disaster Risk Finance [CDRF], World Bank [WB]), John Plevin (Financial Sector Specialist, CDRF, WB), and Yiao Yu (Risk Finance Consultant, CDRF, WB), presented at the UK's Institute and Faculty of Actuaries' flagship annual general insurance event, the GIRO Conference, on their perspective of Disaster Risk Financing. Crisis and Disaster Risk Finance represents a novel... Keep reading
Nov 17
2021
On November 09, 2021, in partnership with Switzerland's State Secretariat for Economic Affairs (SECO), the World Bank Group's (WBG) Disaster Risk Financing and Insurance Program (DRFIP) hosted the 5th session of the Knowledge Exchange Series. The session focused on the Development of Catastrophe Bonds for Sovereign Disaster Risk Transfer. The series is a continuation, in virtual formats, of traditional knowledge exchange events that take place every two years to empower countries under the... Keep reading