DRFF in the News
Jul 20
2021
The fourth webinar in the Strengthening Financial Resilience in Agriculture Knowledge Series took place virtually on July 15, 2021. The session set out a framework on how governments can structure and implement a program to build financial resilience to disasters within the agriculture sector. Lisa Yu (Risk Finance Consultant, Finance, Competitiveness, and Innovation, World Bank Group [WBG]) presented the key takeaways from the previous session and moderated the Question & Answer session... Keep reading
Jul 20
2021
The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the Government of Jamaica with financial protection of up to US $185 million against losses from named storms for three Atlantic tropical cyclone seasons ending in December 2023. The government of Jamaica is the first government in the Caribbean region, and the first of any small island state, to independently sponsor a catastrophe bond, also known as a cat bond. Jamaica... Keep reading
Jul 14
2021
The World Bank Group has a new Climate Change Action Plan (CCAP) 2021-2025 to guide its interventions over the next five years. The plan, published on June 22, 2021 broadly lays out how the World Bank will support climate action – both mitigation and adaptation efforts – for our clients – government and private sector - over the coming 5 years. The Climate Change Action Plan 2021–2025 aims to advance the climate change aspects of the WBG’s Green, Resilient, and Inclusive Development (GRID)... Keep reading